BBC News - Port Talbot ragworm firm Dragon Feeds in liquidation: "A controversial ragworm farm which has received more than £1m of public money has gone into liquidation.
Dragon Feeds, which has its headquarters in Port Talbot, was set up to develop a sustainable alternative to fishmeal for the commercial sector.
There were plans to create 70 jobs has build 270 ponds on Laugharne marshes in Carmerthenshire, but it is thought less than 10 people were employed.
Liquidators HR Harris and Partners confirmed the firm was in liquidation.
The Welsh Government said the Dragon Feeds received a £1.03m grant from the Welsh European Funding Office, and it would try and recover the money.
Ragworm is used to make fish food for the commercial sector and is a source of protein.
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This is obviously a very sad day for all those who have lost jobs at the Dragon Feeds ragworm farm”
Simon Hart MP
Carmarthen West and South Pembrokeshire
Carmarthen West and South Pembrokeshire MP Simon Hart MP said: 'This is obviously a very sad day for all those who have lost jobs at the Dragon Feeds ragworm farm, but I have been investigating the funding of this project for more than a year and I think some urgent answers are now needed."
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