GCRE Ltd
GCRE is a major infrastructure project that will provide state-of-the-art rolling stock testing, infrastructure testing and storage and maintenance for the UK and international rail industry. Currently a wholly owned subsidiary of the Welsh Government (SPV), GCRE was established in 2021 with an initial commitment of £50 million. The UK Government is expected to confirm a further £8 million for research and development along with capital funding of £20 million. An investment prospectus to attract private funding for the project is also in development ready for launch in the autumn of 2022. Spanning the former Nant Helen opencast site and […]