Concerns over future of Swansea Bay tidal lagoon

There's serious concern for the world-first tidal lagoon in Swansea after it's believed the company behind the project could go out of business within months.

Tidal Lagoon Swansea Bay have been forced to lay-off a fifth of its 100-strong work force after failing to agree a strike price for the energy the tidal lagoon would create.

It's also thought hundreds of local people in Swansea could be set to lose out on investments after the company raised £22m through a share scheme to pay for the planning application.

If the lagoon's development was to be scrapped planned lagoons for Cardiff, Newport and Colwyn Bay would also be likely to be shelved.

But Member of Parliament Byron Davies says talks between the company and the government are still on-going.