Sabien Technology hails Government decision for Welsh Freeport

Francesca Morgan
Vox Newswire
12:49, 13th May 2022

Sabien Technology Group (SNT Follow | SNT) has acknowledged the announcements from the UK and Welsh Governments committing to helping clear a new industrial site in Anglesey, Wales.

Sabien, which focused on implementing a green aggregation strategy as a business, outlined that both Governments have now committed to assess jointly bids for Freeport status, with the UK Government also committed to providing £26.0 million of funding to support this process.

Within the landmark statement, the Government asked that bidders for Freeports should demonstrate ‘both job creation and environmental impact plans’ to secure this status.

In recent months, b.grn Group Ltd, (“b.grn”), in which Sabien is a 33.3% shareholder, has been working to secure a site on Anglesey on which to locate its waste-to-plastic operations.

Through this work, the company has engaged with the offices of Virginia Crosbie, Member of Parliament for Ynys Môn, and Rhun ap Iorwerth AS/MS , Member of the Welsh Assembly.

Meanwhile, b.grn has also announced today that it has retained the real estate consultancy Lambert Hampton Smith (“LHS”) to advise them on its planned purchase of the Anglesey site.

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Following the statements, Richard Parris, Sabien’s Executive Chairman, said: “Anglesey is an ideal site for b.grn’s operations. It has a skilled local workforce, sufficient space for the scale of operation we require, and the support of its hard-working elected representatives.”

The decision to locate operations in the Holyhead area is conditional on achieving Freeport status. He added: “This levels the playing field with our alternative location in Humberside.”

Virginia Crosbie, MP for Ynys Môn in Wales, said: “This is a big day for Anglesey, and I will do all I can to ensure that a brilliant bid is put forward to grant Freeport status to Holyhead.”

She acknowledged that companies like b.grn that want to invest in the Island “need certainty over that investment and the incentives to do so.” She says a Freeport there will do just that.

Also commenting on this morning’s news, Rhun ap Iorwerth AS/MS, Member of the Welsh Assembly, added: “This is an industrial site of huge importance, and every effort must be made to create sustainable economic activity there with high quality jobs. I will do what I can to support those efforts, including through maximising potential benefits of freeport status.”

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