New TVR still under wraps! (Vol. 3)
Discussion
I have a similar link, this one works:
https://www.msn.com/en-gb/money/other/welsh-taxpay...
"Taxpayers could face a multi-million-pound bill after the Welsh Government spent more than £14m on a failed attempt to attract sports car manufacturer TVR to Wales. Adrian Crompton, the auditor general for Wales, said the Welsh Government spent £4.75m buying the former Techboard factory in 2021 and £7.6m on refurbishment....."
https://www.msn.com/en-gb/money/other/welsh-taxpay...
"Taxpayers could face a multi-million-pound bill after the Welsh Government spent more than £14m on a failed attempt to attract sports car manufacturer TVR to Wales. Adrian Crompton, the auditor general for Wales, said the Welsh Government spent £4.75m buying the former Techboard factory in 2021 and £7.6m on refurbishment....."
The Welsh Assembly lend under 2 million £ but whoever wrote the loan contract nailed it down tightly, and they somehow managed to get it all back and turn a profit, well done them.
But then bizarrely they then go and buy a massive clapped out factory in the arse end of nowhere that no one wanted for years, for a vastly inflated sum of countless millions, then spend roughly the same again fixing it up to now be a fancy new massive factory, in the arse end of nowhere, that nobody wants!
Whereby all along this start up could have launched from a standard factory unit (that was the whole point of Murrays I stream system), of which there are countless empty factories all ready to go in Wales, they could have had the keys in weeks back then to any of these, obviously that did not suit Les as he would have then had to make a start on the cars, with no actual funding ever in sight.
Classic case of the left hand not knowing what the right hand is doing in the Senedd.
Vaughan Gethin has now jumped on his sword for countless reasons he will not actually admit to, but instead his parting shot was to play the race card, which is a total insult to all the other non caucasian people in the Welsh government.
The good news is his farcical push for blanket 20mph speed limits throughout Wales we have had to endure for the last year is being canned, great news for the company who made all those signs, and painted all those roads, as they will now no doubt be awarded another contract to take them all down and replace them with new versions of the signs they removed last year. You really could not make it up.
But then bizarrely they then go and buy a massive clapped out factory in the arse end of nowhere that no one wanted for years, for a vastly inflated sum of countless millions, then spend roughly the same again fixing it up to now be a fancy new massive factory, in the arse end of nowhere, that nobody wants!
Whereby all along this start up could have launched from a standard factory unit (that was the whole point of Murrays I stream system), of which there are countless empty factories all ready to go in Wales, they could have had the keys in weeks back then to any of these, obviously that did not suit Les as he would have then had to make a start on the cars, with no actual funding ever in sight.
Classic case of the left hand not knowing what the right hand is doing in the Senedd.
Vaughan Gethin has now jumped on his sword for countless reasons he will not actually admit to, but instead his parting shot was to play the race card, which is a total insult to all the other non caucasian people in the Welsh government.
The good news is his farcical push for blanket 20mph speed limits throughout Wales we have had to endure for the last year is being canned, great news for the company who made all those signs, and painted all those roads, as they will now no doubt be awarded another contract to take them all down and replace them with new versions of the signs they removed last year. You really could not make it up.
Edited by PAUL.S. on Thursday 18th July 09:47
One rather imagines that the thrifty Welsh road sign contractors might have had the foresight to refurbish and store the 30 mph signs, safe in the knowledge that someone vaguely sensible and with an ear to public opinion was bound to get into power eventually.....and give them the contract to waste more Welsh voters' money.
Edited by QBee on Thursday 18th July 10:06
sixor8 said:
I have a similar link, this one works:
https://www.msn.com/en-gb/money/other/welsh-taxpay...
"Taxpayers could face a multi-million-pound bill after the Welsh Government spent more than £14m on a failed attempt to attract sports car manufacturer TVR to Wales. Adrian Crompton, the auditor general for Wales, said the Welsh Government spent £4.75m buying the former Techboard factory in 2021 and £7.6m on refurbishment....."
This is why I wish Edgar and crew had never acquired the TVR name ... This just brings the TVR name into disrepute not Newco and Edgars lot , their names aren't mention , joe blogs will just read TVR .https://www.msn.com/en-gb/money/other/welsh-taxpay...
"Taxpayers could face a multi-million-pound bill after the Welsh Government spent more than £14m on a failed attempt to attract sports car manufacturer TVR to Wales. Adrian Crompton, the auditor general for Wales, said the Welsh Government spent £4.75m buying the former Techboard factory in 2021 and £7.6m on refurbishment....."
PAUL.S. said:
The Welsh Assembly lend under 2 million £ but whoever wrote the loan contract nailed it down tightly, and they somehow managed to get it all back and turn a profit, well done them.
But then bizarrely they then go and buy a massive clapped out factory in the arse end of nowhere that no one wanted for years, for a vastly inflated sum of countless millions, then spend roughly the same again fixing it up to now be a fancy new massive factory, in the arse end of nowhere, that nobody wants!
Whereby all along this start up could have launched from a standard factory unit (that was the whole point of Murrays I stream system), of which there are countless empty factories all ready to go in Wales, they could have had the keys in weeks back then to any of these, obviously that did not suit Les as he would have then had to make a start on the cars, with no actual funding ever in sight.
Classic case of the left hand not knowing what the right hand is doing in the Senedd.
Vaughan Gethin has now jumped on his sword for countless reasons he will not actually admit to, but instead his parting shot was to play the race card, which is a total insult to all the other non caucasian people in the Welsh government.
The good news is his farcical push for blanket 20mph speed limits throughout Wales we have had to endure for the last year is being canned, great news for the company who made all those signs, and painted all those roads, as they will now no doubt be awarded another contract to take them all down and replace them with new versions of the signs they removed last year. You really could not make it up.
Wasn't the motivation just to get EU grant money? EU throwing around subsidies for building in places where nobody wants to try to regenerate an area where nobody wants to be.But then bizarrely they then go and buy a massive clapped out factory in the arse end of nowhere that no one wanted for years, for a vastly inflated sum of countless millions, then spend roughly the same again fixing it up to now be a fancy new massive factory, in the arse end of nowhere, that nobody wants!
Whereby all along this start up could have launched from a standard factory unit (that was the whole point of Murrays I stream system), of which there are countless empty factories all ready to go in Wales, they could have had the keys in weeks back then to any of these, obviously that did not suit Les as he would have then had to make a start on the cars, with no actual funding ever in sight.
Classic case of the left hand not knowing what the right hand is doing in the Senedd.
Vaughan Gethin has now jumped on his sword for countless reasons he will not actually admit to, but instead his parting shot was to play the race card, which is a total insult to all the other non caucasian people in the Welsh government.
The good news is his farcical push for blanket 20mph speed limits throughout Wales we have had to endure for the last year is being canned, great news for the company who made all those signs, and painted all those roads, as they will now no doubt be awarded another contract to take them all down and replace them with new versions of the signs they removed last year. You really could not make it up.
Edited by PAUL.S. on Thursday 18th July 09:47
Back then, everything WG did was about getting EU grant money.
The EU stopped giving money to Wales years ago when all the eastern european countries started joining and getting it instead, no mention of outside funding to cover the costs in that report, they did delay repairs as they had to go through the EU box ticking exercise before awarding contract works from memory, which Les and co leapt on as a great excuse to not actually make a start on building the cars at the time with the "leaky roof saga"
I have never understood why TVR want to leave Wales. The factory sits in an Enterprise Zone so they could get discounted rates, cheaper electricity and many other benefits for the workforce. Moving to an expensive part of middle England is only going to push their costs up. It makes no sense at all to me.
Viper201 said:
I have never understood why TVR want to leave Wales. The factory sits in an Enterprise Zone so they could get discounted rates, cheaper electricity and many other benefits for the workforce. Moving to an expensive part of middle England is only going to push their costs up. It makes no sense at all to me.
TVR were never in Wales. Gareth9702 said:
Viper201 said:
I have never understood why TVR want to leave Wales. The factory sits in an Enterprise Zone so they could get discounted rates, cheaper electricity and many other benefits for the workforce. Moving to an expensive part of middle England is only going to push their costs up. It makes no sense at all to me.
TVR were never in Wales. Gareth9702 said:
Viper201 said:
I have never understood why TVR want to leave Wales. The factory sits in an Enterprise Zone so they could get discounted rates, cheaper electricity and many other benefits for the workforce. Moving to an expensive part of middle England is only going to push their costs up. It makes no sense at all to me.
TVR were never in Wales. They've been handed everything on a plate, only to give the Govt a two finger salute and the taxpayer foots the bill. Well done Edgar.
Viper201 said:
Oh yes they were. They leased the actual 'factory' for storage purposes for 6 months. They also occupied an office supplied rent free by the council.
They've been handed everything on a plate, only to give the Govt a two finger salute and the taxpayer foots the bill. Well done Edgar.
The writing was on the wall years ago.They've been handed everything on a plate, only to give the Govt a two finger salute and the taxpayer foots the bill. Well done Edgar.
Where have you been all these years.
The engine will be obsolete before TVR ever make a car but you already know that don’t you.
What is your motivation in dragging this bulls
t up. What purpose does it serve.
Clearly TVR are fully in the doldrums and have been for almost a decade since this saga began. What exactly are you trying to achieve and who gains by your constant attempts at keeping this thread alive.
Honestly I’d rather see pictures of peoples pretty gardens than have to put up with this mindless nonsense.
When you run a country that’s been left to die in areas that once made the U.K. very very rich your bound to support any company offering to do great things for the people of that area.
That’s not a very good excuse for wasting money on a company that has no clue but then the English Gov did that to the tune of billions and billions via the PPE scandal,the railways, the water companies and the whole of the social welfare system.
Why don’t you investigate that instead of this pitiful tiny company who dared to dream.
It’s deeply disappointing the Welsh gov ever got involved with Edgar but the money involved is loose change compared to the waste the rest of the U.K. conservative gov have stolen to serve there friends. They have virtually bankrupt the country!
Put it into perspective and move on.
If your just bored then find a hobby so we TVR owners can move on and forget this ever happened.
Who are you to dictate to a fellow contributor?, this is a discussion forum, all views are welcome including yours, but you should also not force your own view on another to seek to close them down, debate don't deride. Of course you also have a right to reply to this post, that is the whole point of the thread.
If the thread is so disturbing to you then the obvious answer would be to simply stop reading it.
If the thread is so disturbing to you then the obvious answer would be to simply stop reading it.
I met BritishTVR450 (Alun) many years ago at the TVR meeting at Burghley House so I know what to expect. He posted an almost identical post very recently which he then deleted and said he would not be posting in this thread again. However, he seems to be following my posts on here and it appears that others may post but I may not.
I have answered his questions and comments previously but perhaps he's forgotten what I said. The proposed factory is just a few miles from a very run down estate where the residents have little or no future. I know this because my brother-in-law's family still live there although he and his brother have moved out. So when this plan for TVR to move in was announced way back in 2016 and the Govt got involved, it seemed like a bloody good idea to help the economy in this area. Edgar was making statements and promises almost non-stop and a car appeared in 2017. Production was 'promised' to start in 2018/2019 so there was a buzz of excitement that perhaps, at last, a deprived area might get some benefit from the investment. The rest is history.
The publication of the Audit Wales report has highlighted all the issues and concerns. Despite a 'free office', a loan and investment, TVR have cost the taxpayer millions of pounds of wasted cash. It does not matter that they repaid the loan with interest (they tried to get the repayment term extended by another 3 years), they also obtained a CBILS loan costing the taxpayer the first year's interest plus the arrangement fee. It appears they also 'forgot' to inform the council of their 'storage occupancy'.
TVR need to be held to account over their arrogance towards the taxpayer, the Govt and the people of Wales. So I will continue to post any news or information that might address this.
I have answered his questions and comments previously but perhaps he's forgotten what I said. The proposed factory is just a few miles from a very run down estate where the residents have little or no future. I know this because my brother-in-law's family still live there although he and his brother have moved out. So when this plan for TVR to move in was announced way back in 2016 and the Govt got involved, it seemed like a bloody good idea to help the economy in this area. Edgar was making statements and promises almost non-stop and a car appeared in 2017. Production was 'promised' to start in 2018/2019 so there was a buzz of excitement that perhaps, at last, a deprived area might get some benefit from the investment. The rest is history.
The publication of the Audit Wales report has highlighted all the issues and concerns. Despite a 'free office', a loan and investment, TVR have cost the taxpayer millions of pounds of wasted cash. It does not matter that they repaid the loan with interest (they tried to get the repayment term extended by another 3 years), they also obtained a CBILS loan costing the taxpayer the first year's interest plus the arrangement fee. It appears they also 'forgot' to inform the council of their 'storage occupancy'.
TVR need to be held to account over their arrogance towards the taxpayer, the Govt and the people of Wales. So I will continue to post any news or information that might address this.
BritishTvr450 said:
Viper201 said:
Oh yes they were. They leased the actual 'factory' for storage purposes for 6 months. They also occupied an office supplied rent free by the council.
They've been handed everything on a plate, only to give the Govt a two finger salute and the taxpayer foots the bill. Well done Edgar.
The writing was on the wall years ago.They've been handed everything on a plate, only to give the Govt a two finger salute and the taxpayer foots the bill. Well done Edgar.
Where have you been all these years.
The engine will be obsolete before TVR ever make a car but you already know that don’t you.
What is your motivation in dragging this bulls
t up. What purpose does it serve.
Clearly TVR are fully in the doldrums and have been for almost a decade since this saga began. What exactly are you trying to achieve and who gains by your constant attempts at keeping this thread alive.
Honestly I’d rather see pictures of peoples pretty gardens than have to put up with this mindless nonsense.
When you run a country that’s been left to die in areas that once made the U.K. very very rich your bound to support any company offering to do great things for the people of that area.
That’s not a very good excuse for wasting money on a company that has no clue but then the English Gov did that to the tune of billions and billions via the PPE scandal,the railways, the water companies and the whole of the social welfare system.
Why don’t you investigate that instead of this pitiful tiny company who dared to dream.
It’s deeply disappointing the Welsh gov ever got involved with Edgar but the money involved is loose change compared to the waste the rest of the U.K. conservative gov have stolen to serve there friends. They have virtually bankrupt the country!
Put it into perspective and move on.
If your just bored then find a hobby so we TVR owners can move on and forget this ever happened.
Viper201 said:
I met BritishTVR450 (Alun) many years ago at the TVR meeting at Burghley House so I know what to expect. He posted an almost identical post very recently which he then deleted and said he would not be posting in this thread again. However, he seems to be following my posts on here and it appears that others may post but I may not.
I have answered his questions and comments previously but perhaps he's forgotten what I said. The proposed factory is just a few miles from a very run down estate where the residents have little or no future. I know this because my brother-in-law's family still live there although he and his brother have moved out. So when this plan for TVR to move in was announced way back in 2016 and the Govt got involved, it seemed like a bloody good idea to help the economy in this area. Edgar was making statements and promises almost non-stop and a car appeared in 2017. Production was 'promised' to start in 2018/2019 so there was a buzz of excitement that perhaps, at last, a deprived area might get some benefit from the investment. The rest is history.
The publication of the Audit Wales report has highlighted all the issues and concerns. Despite a 'free office', a loan and investment, TVR have cost the taxpayer millions of pounds of wasted cash. It does not matter that they repaid the loan with interest (they tried to get the repayment term extended by another 3 years), they also obtained a CBILS loan costing the taxpayer the first year's interest plus the arrangement fee. It appears they also 'forgot' to inform the council of their 'storage occupancy'.
TVR need to be held to account over their arrogance towards the taxpayer, the Govt and the people of Wales. So I will continue to post any news or information that might address this.
When does the CBIL get called in? Have they paid it back yet? I have answered his questions and comments previously but perhaps he's forgotten what I said. The proposed factory is just a few miles from a very run down estate where the residents have little or no future. I know this because my brother-in-law's family still live there although he and his brother have moved out. So when this plan for TVR to move in was announced way back in 2016 and the Govt got involved, it seemed like a bloody good idea to help the economy in this area. Edgar was making statements and promises almost non-stop and a car appeared in 2017. Production was 'promised' to start in 2018/2019 so there was a buzz of excitement that perhaps, at last, a deprived area might get some benefit from the investment. The rest is history.
The publication of the Audit Wales report has highlighted all the issues and concerns. Despite a 'free office', a loan and investment, TVR have cost the taxpayer millions of pounds of wasted cash. It does not matter that they repaid the loan with interest (they tried to get the repayment term extended by another 3 years), they also obtained a CBILS loan costing the taxpayer the first year's interest plus the arrangement fee. It appears they also 'forgot' to inform the council of their 'storage occupancy'.
TVR need to be held to account over their arrogance towards the taxpayer, the Govt and the people of Wales. So I will continue to post any news or information that might address this.
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