I’d reject many of the claims made by the Member. The rescue and restructure fund that was utilised in this instance did carry an interest rate of 11 per cent, but that fund was required because there was limited scope elsewhere to draw down the necessary resources to keep the company afloat during that difficult time. No without-prejudice—and I’ll state it again: no without-prejudice payment was ever promised. However, what Welsh Government was able to do was act as a broker, ensuring that support from Finance Wales was forthcoming. We examined every other option for supporting the company with financial resource but, as I have just said to Jayne Bryant, that was not possible because further support would have contravened state aid.

We work very closely with the business community to find ways of overcoming problems such as this, but I go back to the point that I made to Mohammad Asghar: it would be inappropriate for me to speculate about the extent to which the flooding event led to the company entering into the sort of problems that it has encountered. In terms of the flooding, I’ve already given details of the occupiers of the land, and the normal process that would be followed by the insurance company, seeking compensation from the liable party—. That process has not been pursued. Instead, we received, as I’ve said to two Members now, a letter from the company’s solicitors calling on us to provide £600,000. It would not be appropriate for us to progress that without the details that are required. We have not yet had the response that we have asked for, in spite of writing on two occasions.

Thirdly, I think it’s absolutely vital that we view the continued employment of the 50 workers at the site as our priority right now. For that reason, officials are continuing to engage with the company to identify means of keeping the site in operation. The Member is right: it provides an incredibly valuable service and it has many suppliers who do require the company to continue operating. I am confident that the bank and Grant Thornton are doing all they can to identify a buyer. Certainly, we stand ready to help in any way we possibly can.