Ciner denies £100m UK Loan for Belgium plant influenced decision to axe Welsh project

Stonewater announces £100m funding deal to support development and retrofit

Stonewater has agreed a £100m funding package to support the delivery of its 2030 corporate plan and ongoing national development programme. The leading housing provider has confirmed a £50m, seven-year, fixed-rate loan with The Co-Operative Bank and a £50m, eight-year, variable-rate loan with Santander. Both are existing longstanding lenders to Stonewater, which owns and manages more than 40,000 homes across England. These funds will support mu…

Ciner denies £100m UK Loan for Belgium plant influenced decision to axe Welsh project

How the CiNER glass bottle making factory could have looked. Image: CiNER Elgan Hearn, local democracy reporter The Turkish firm Ciner says that a £100.5 million loan from the UK Government to help build their glass bottle making factory in Belgium did not influence their decision to pull out of a similar project in Wales. Last month it was revealed that a loan has been given to Ciner by the UK Government which will help them build a glass bottl…