NatWest’s local corporate team will provide a £51.5m loan facility  to the joint venture company which will construct and manage the new convention centre as a 50/50 partnership between Welsh Government and Celtic Manor Resort.

Contracts have been signed by the Welsh Government and Celtic Manor Resort to establish a shareholders’ agreement and project management agreement to build and run ICC Wales. 

Ken Skates said: 

“This will be a major asset for Wales, enabling us to compete with any venue in the UK and indeed Europe to attract and host key events that make a huge contribution to the economy. 

“The development will provide a very real long-term boost for the entire economy of South Wales. It will create direct and indirect jobs during the construction and operational phases, provide new business opportunities for a wide range of supply chain companies and deliver extensive knock on benefits for tourism throughout the region.

“A facility of this calibre, quality and size is absolutely essential if we are to compete effectively in what is a highly competitive international market. It will place Wales firmly at the forefront of business tourism destinations and I am delighted it is being delivered in partnership with the Welsh Government.”

Celtic Manor Resort Chairman Sir Terry Matthews said:

“The Celtic Manor Resort has already established a reputation as the UK’s No 1 Conference Hotel but this new centre will be a real game-changer. In the past, we’ve been forced to turn away hundreds of millions of pounds of business because we did not have the capacity to hold the largest conferences. Not any longer. 

“This International Convention Centre will allow us to attract the biggest and most lucrative business events to Wales, as well as high-profile summits and party political conferences. ICC Wales will rival any convention facility in Europe and will act as a magnet for major events, bringing huge benefits to the Welsh economy.”

ICC Wales, which is projected to open for business in June 2019,  will be capable of accommodating up to 5,000 delegates with a total floor space exceeding 26,000 square metres. It will house a 1,500-seat auditorium and separate exhibition hall which, at 4,000 square metres, will provide the largest pillar-free ballroom in Europe, capable of hosting 2,400 people for a gala dinner. 

Other facilities include five divisible meetings rooms that will create a further 12 flexible spaces meeting rooms, breakouts at all levels to outdoor networking spaces, state-of-the-art technology with fully integrated audio visual facilities and fully serviced client offices, green rooms and production facilities.

A 2,500 square metre plaza will welcome visitors to the new centre and provide additional networking and exhibition space. There will be HGV loading bays direct to both the auditorium and main hall, and 700 car parking spaces under the facility with direct access to ICC Wales arrival atrium.

Banking and debt facilities were structured and delivered locally by Stuart Allison, Relationship Director at NatWest and David Moxham, Director of the bank’s Structured Finance team.

As many people embark on a new-year fitness boost, athletes at all levels of sport are being urged to steer clear of the potentially dangerous ingredient DMAA.

DMAA can be found in unlicensed medicines marketed as sports supplements and it has been linked with high blood pressure, tightening in the chest, strokes, heart attacks and even death.

The warning has been issued by the Medicines and Healthcare products Regulatory Agency (MHRA) as a significant number of products containing DMAA continue to be found on sale in the UK.

MHRA has launched a ‘Week of Action’ between 30th January and 5th February supported by a number of leading national organisations to alert people to the potential dangers.

The Week of Action aims to improve awareness and will include an animated social media campaign, health & fitness bloggers sharing their stories and a video featuring Team GB Olympic weightlifters at the National Sports Stadium in Crystal Palace.

People who either suspect a product contains DMAA or want to check whether it is present are being encouraged to check online. If you find products on the market, immediately contact us via our dedicated mailbox dmaa@mhra.gsi.gov.uk

Named on the World Anti-Doping Agency’s (WADA) Prohibited List, DMAA is banned during sports competition and the safety concerns are well documented.

When MHRA find unlicensed medicinal products containing DMAA on the market, urgent action is taken to remove them from sale. Last year MHRA took urgent action to remove a number of products containing DMAA from the market.

Dr Chris Jones, MHRA Medicines Borderline Section Manger said:

As always, we will continue to take robust action when unlicensed medicinal products containing DMAA come to our attention.

We first removed these products from sale in 2012, and will protect public health by continuing to do so. Although the sale of DMAA products has dropped since 2012, any companies selling this unlicensed medicine is one company too many.

Ashley Metcalfe, British Weight Lifting CEO said:

Weightlifting is a fantastic sport, not least because of the health and wellbeing benefits associated with strength training. However, as with all sports, it is very important that lifters participate in a safe and controlled manner, and are aware of the dangers of taking anything that could be potentially harmful – as has been proven with DMAA.

We are proud to support this campaign and hope that it encourages lifters that wish to use sports supplements to choose only those that are properly regulated, and remain well-informed about the dangers of using unlicensed medicines.

Dr Adam Carey, Chair of the European Specialist Sports Nutrition Alliance (ESSNA) said:

We fully support the MHRA’s efforts to raise awareness of the dangers of supplements which contain DMAA. MHRA has classified such products as medicinal products and they have no place in legitimate sports nutrition supplements.

The dangers of consuming DMAA are significant and well-proven. We urge all sportspeople to avoid it at all costs – and emphasise that sportsmen and woman can only do this by making sure they’re only buying their sports supplements from responsible and reputable retailers.

Nicole Sapstead, UK Anti-Doping Chief Executive said:

Any athlete who takes supplements containing DMAA in-competition – either deliberately or inadvertently – is not only risking their career, but is also risking their health.

If you are considering taking a supplement make sure you assess the need first by speaking to a qualified nutritionist. If you need to take a supplement, make sure you understand the risks and consequences by undertaking thorough research.

This ‘Week of Action’ is part of the FakeMeds campaign aimed at young adults and highlights the pitfalls of buying unlicensed medicines online.

Visit here for more information about the ‘Week of Action’.

Background

1. The Medicines and Healthcare products Regulatory Agency (MHRA) is responsible for regulating all medicines and medical devices in the UK by ensuring they work and are acceptably safe.
2. All our work is underpinned by robust and fact-based judgements to ensure that the benefits justify any risks. MHRA is a centre of the Medicines and Healthcare products Regulatory Agency which also includes the National Institute for Biological Standards and Control (NIBSC) and the Clinical Practice Research Datalink (CPRD). The Medicines and Healthcare products Regulatory Agency is an executive agency of the Department of Health.
3. The approach for the classification of Borderline products is set out in Part 9 of the 2012 Human Medicines Regulations (as amended). A borderline product is a product which does not have a relevant authorisation or registration that the Licensing Authority regards to be medicinal product. Unless exempt unlicensed medicines may not be placed on the UK market without the appropriate authorisation.
4. MHRA classifies products (not substances) according to the definition of a medicinal product.
5. MHRA’s Medicines Borderline Section reaches a determination on whether a product is or is not a medicinal product on a case by case basis, and in the light of:
   • the definition of a medicinal product
   • following an assessment of all the available evidence
   • relevant European Court Judgments and domestic Court precedents.
6. MHRA first classified a product containing DMAA to be medicinal products in 2012. MHRA has since determined a number of products which contain DMAA to be medicinal products and may not be placed on the UK market without the appropriate authorisation.
7. DMAA is regarded as being capable of significant modification to human physiology. Products containing DMAA have already been subject to regulatory controls in various countries around the world following a series of suspected links to serious adverse effects. It is MHRA’s view that the uncontrolled sale and supply of products containing DMAA poses potential risks to public safety.
8. MHRA is responsible for ensuring that medicinal products work and are acceptably safe and is not responsible for the licensing of products such as sports supplements which are used by athletes to improve their performance. MHRA will investigate instances of the sale and supply of unauthorised medicinal products, including those that may be present in sports supplements.
9. We have been working with British Weightlifting, UK Anti-Doping, ESSNA, UK Active, National Food Crime Unit (FSA) and Sporting Integrity Ltd for the DMAA ‘Week of Action.

The Prime Minister is to hold the first Joint Ministerial Committee (JMC) meeting to take place outside of London today, in a special meeting in Wales.

As a sign of the government’s commitment to engage with the devolved administrations and to seek a Brexit that works for the whole of the UK, the Prime Minister, together with the Secretary of State for Exiting the EU, the Secretary of State for International Trade, the Secretaries of State for Scotland, Wales and Northern Ireland and the Minister for the Cabinet Office will be meeting with ministers from the devolved administrations today.

This will be the second JMC under the Prime Minister’s leadership and follows 3 JMC(EN)s that have taken place over the last few months.

Discussions are expected to focus on our exit from the EU, how we can work together to support UK businesses to trade and invest in the lead up to leaving the EU and intergovernmental relations.

Speaking ahead of the meeting, the Prime Minister said:

I am delighted to be holding today’s JMC in Cardiff, particularly in the week the Wales Bill is expected to gain Royal Assent – heralding a new devolution settlement for Wales.

At the JMC in October, I set out how we would fully engage with the devolved administrations in the process of planning the UK’s departure from the EU.

I am pleased that the committee on EU negotiations has met 3 times since then, giving ministers from the Scottish government, Welsh government and Northern Ireland executive a direct line to the Secretary of State for Exiting the EU.

I know ministers and officials from all sides are also in regular contact bilaterally. We have received papers from both the Scottish and Welsh governments and I am grateful to the devolved administrations for their contributions to this important process.

We will not agree on everything, but that doesn’t mean we will shy away from the necessary conversations and I hope we will have further constructive discussions today.

We have also had the Supreme Court judgement which made clear beyond doubt that relations with the EU are a matter for the UK government and UK Parliament. We should not forget that that means MPs representing every community in the UK will be fully involved in the passage of Article 50 through Parliament.

The United Kingdom voted to leave the EU, and the UK government has a responsibility to deliver on that mandate and secure the right deal for the whole of the UK. We all have a part to play in providing certainty and leadership so that together we can make a success of the opportunities ahead.

The Prime Minister met all the heads of the devolved administrations within her first month of taking up office, and has made it a priority of the UK government to fully engage with them on the UK’s exit from the EU.

Since the referendum the UK government has continued discussions with the devolved administrations both at ministerial and official level, including a direct line to the Secretary of State for Exiting the EU through the JMC(EN).

There have been 3 JMC(EN) meetings to date. There will be further meetings including the JMC(EN) as the UK government continues discussions with the devolved administrations on this important issue.