Company won taxpayer subsidy on same day it gave £150k to Tories

Scrapbook has previously highlighted the case of JCB, who, despite seeing profits jump 150% to £235m, apparently needed a subsidy from the taxpayer. While struggling small firms were snubbed for Regional Growth Fund money, Anthony Bamford’s company were handed a huge wodge of cash.

Along with their status as the only British company to be namechecked in Cameron’s 2011 conference speech, this has nothing to do with their £4 million donations to the Conservatives:

It has now emerged, via lobby hack Jim Pickard, that JCB gave another £150,000 to the Conservative Party on exactly the same day their succesful Regional Growth Fund bid was announced.

Purely a coincidence, of course.

4 Comments

  1. Tris says:

    You scratch my back…after all, we are all in this together.

  2. Redcar for All says:

    Bulldozing your way to success then!

    JCB – Just Conservative Bribery

  3. NonnyMouse says:

    After the damage that Labour caused to the construction industry can you really blame JCB for helping keep them out of government?

  4. Laurence says:

    @NonnyMouse: Well I didn’t hear the construction industry complain about all those schools and hospitals that Labour built. As for JCB, their profits are still huge. Bamford has been a Tory donor for years and before the financial crisis hit new building works.

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