Talks to Stave Off Pounds 11bn Academy Credit Crunch Fear ; World Gloom Prompts Action to Protect St Athan's Future

Summary


TOP-LEVEL talks are due to be held this week to ensure that the multi-billion pound defence academy at St Athan is not a victim of the credit crunch and the international banking crisis.

Plans for the pounds 11bn academy, which is the single biggest investment in Wales, have been rocked by the credit crunch with some fearing that it could collapse.

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Extract


Talks to Stave Off Pounds 11bn Academy Credit Crunch Fear ; World Gloom Prompts Action to Protect St Athan's Future

The QinetiQ-led Metrix Consortium won the bid to build the academy at the St Athan base in ...

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