A cheese factory in Gwynedd has gone into receivership, putting 90 jobs at risk, it has been confirmed.
Liz Saville Roberts, MP for Dwyfor Meirionnydd said GRH Foods Ltd in Minffordd received £1.5m of Welsh Government funding two years ago.
The family-run business supplies customers across the UK and Ireland and said it has an "increasing global reach" to UAE, Australia, China, USA and Canada.
It also recently located to a state-of-the-art facility in Snowdonia Business Park which it said, allowed the company to double its production capacity and helped to safeguard "future expansion of the business".
In a statement, the company said it had suffered "cash flow issues" and was unable to meet its financial obligations. It added four members of staff have been retained in the short term to support the administration process.
Paul Dumbell, Joint Administrator at KPMG said: “GRH was an ambitious business that had grown in recent years, but the squeeze of increased costs and liabilities put too much pressure on its finances. Despite efforts to market the business for sale, a buyer could not be found, which led to the administration.
“Although the facility will not trade during the administration period, we continue to explore all options for this multi-million-pound production facility.”
Ms Saville Roberts said she is "ready to support those affected" and urged the Welsh Government to hold "urgent talks" with liquidators KPMG.
Economy minister Ken Skates said it will be meeting with the administrators to see "what more the Welsh Government can do for the workforce".