Interesting story about the support package provided to Sheffield Forgemasters (who some will recall was initially denied, but then provided with, support in 2010 by the coalition government (with heavy intervention from Nick Clegg). This support package was allegedly brokers by the MOD but provided by three other key firms BAE Systems, Babcock International and Rolls-Royce Holdings.
Source: http://www.yorkshirepost.co.uk/news/support-package-in-pipeline-for-sheffield-forgemasters-1-7705384
In January 2017 Climate Change and Industry Minister Nick Hurd announced that the government would allocate £5 million to the Redcar Growth Zone to support the development of attractive commercial space in the town.The money […]
Interesting piece in the Guardian on support for the steel industry – albeit support to a Russian owned steel company…. Accounts for UK Export Finance show it gave buyer’s credit worth £80m to Russian iron ore […]
BIS Select Committee criticises UK government of failing to protect British steel 22/12/15 02:48 The government is being accused of failing to respond early enough to warnings about a crisis in the steel industry, where […]
Copyright: Corporate Welfare Watch 2017