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June 7, 2017

Newsquest pays back £245k Welsh government grant ‘in full’ after closure of Newport subbing hub

By Freddy Mayhew

Newsquest has paid back “in full” a Welsh government grant of £245,000 that was given to the publisher to safeguard jobs at its Newport subbing hub, which closed in April.

A spokesperson for the regional news publisher told Press Gazette it was currently meeting the “terms and conditions of the grant”, but had plans to “undertake further changes” to its business between now and 2020.

They said: “Although we have no current plans to do this, we believed it would be correct to return the grant, and Newsquest has therefore given back the £245,000 grant in full.

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