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.