Online Business ReviewsQuality Business & Financial News Rated by Experts & Readers
Government rejects university bid for technium site for free
THE Welsh Government has rejected a bid from Bangor University to acquire a former technium business incubator site at no cost.
Minister for Business Edwina Hart has confirmed that she has rejected the takeover bid for the former CAST (Centre for Advance Software Technology) Technium, now known as T Menai.
Instead Mrs Hart has directed officials in her department to enter into discussions with Bangor University to agree a disposal on market terms.
In the event that Bangor University is not prepared to proceed on this basis the minister has agreed that the property is offered for sale on the open market.
The technium once formed part of the Welsh Governments business support initiative.
However, following a return on investment evaluation, six of the 10 techniums set up to accommodate and support mainly start-up businesses in specific sectors were axed from the European Union back programme last year.
As reported in the Western Mail last month, a bid by Glyndr University to acquire the OpTIC Technium at St Asaph for no cost was also rejected by Mrs Hart although negotiations are continuing.
As well as OpTIC Technium, the remaining sites are Technium Digital and Techniums one and two all in Swansea and Technium Springboard in Cwmbran.
A Welsh Government spokesman said: As announced in November 2010, four sites are retained within the Technium network.
The Welsh Government continues to review Technium performance and the most appropriate way of taking forward the network.
Similar Posts:
- Trade group calls for Wales to be more aggressive in attracting foreign investment
- Social media adoption by small businesses doubles
- Water & Waste – Brazil – Minas Gerais to request US$814mn for reconstruction, flood prevention
- Government eyes cassava harvest delay
- SMB social media spending to increase in 2010
Leave a Reply