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A Kimnel Bay based company manufacturing sophisticated precision tools for Rolls Royce and other automotive and aerospace companies is to create 23 new jobs as a result of Welsh Government support.

First published:
19 February 2019
Last updated:

This was published under the 2016 to 2021 administration of the Welsh Government

Economy Minister, Ken Skates visited Consort Precision Diamond in Conwy to discuss the expansion plans, which will be supported by £200k from Welsh Government.

The Minister also spoke to the company’s management team about the types of challenges they are facing in the run up to Brexit, and urged them to take advantage of the range of support offered to Welsh business to help them prepare and build resilience ahead of Brexit.

Ken Skates said:

“I am delighted that the Welsh Government is supporting Conwy based Consort Precision Diamond in its plan to expand its facilities and create an additional 23 highly skilled jobs at Kimnel Bay.

The support from Welsh Government will help fund the first phase of a five year plan that will see Consort Precision Diamond building a new premises and increasing its head count to just shy of 170.

It was also good to speak to the company about its Brexit preparations and to ensure they are aware of, and are accessing the full range of Welsh Government support. This includes our popular Brexit portal and diagnostic too which is being used by thousands of businesses across Wales to help them prepare for life outside of the EU.

Consort Precision Diamond actually exports extensively to markets outside of the EU, meaning that it is a stronger position to deal with the changes and challenges that Brexit will bring.

I would urge any business in Wales to access our  comprehensive range of exporting support and advice so they can put themselves in the strongest possible position to navigate the journey ahead.

Of course we know that what business really needs, and continues to call for, is certainty. For our part we will keep pushing the UK Government  to take No Deal off the table and work to secure a Brexit  that protects Welsh jobs and our economy.”

The Minister’s message mirrors a new TV ad campaign launched this week that is aimed at helping Welsh SMEs prepare for Brexit. The add encourages businesses to explore and access the Brexit support available through the Welsh Government’s  comprehensive Business Wales service so they can put themselves in the strongest position possible.