This article has me thinking, I know we have to support tourism, but in these days of cuts, to give grants to successful private companies.......
Dylan's plans to open a third restaurant at the Washington hotel site in Llandudno has been backed with £200K of Welsh Government money.The £1.5m development on Llandudno promenade will see the historic building transformed into a seafood restaurant and cocktail bar.
http://www.dailypost.co.uk/business/business-news/dylans-secures-190000-grant-llandudnos-12478849Comments....
Does the Welsh taxpayer get an appropriate share in the company in return for this capital investment? If not, why not?
There's something wrong if the Welsh government has this type money to hand out for speculative ventures. If it's viable they should borrow money from commercial sources at the going rate not dip into the pockets of hard pressed taxpayers.
Totally agree with you, have noted over the years you have certain companies who are flavour of the month with both politicians and council,s.They come and go without having to pay back any grant,s received.
As someone who runs a care home in North Wales and has had no support over the last 20 years this gets my back up sorry. The powers that be the first minister included, will turn around sooner than expected wondering where the care sector has gone in Wales. But hey ho money is thrown at companies who really do not need it a la Dylan's !
So giving a successful company free money is ok for tourism but having toilets for the tourists to use is not.