Sheffield Forgemasters Debate

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Lord Woolmer of Leeds

Main Page: Lord Woolmer of Leeds (Labour - Life peer)

Sheffield Forgemasters

Lord Woolmer of Leeds Excerpts
Thursday 22nd July 2010

(13 years, 10 months ago)

Lords Chamber
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Baroness Wilcox Portrait Baroness Wilcox
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Not all of them are using taxpayers’ money. It must be for the banks to protect that investment and make sure that they get a good return. Sheffield Forgemasters has concluded that at present there is no available private sector alternative funding structure that is both economically viable for the company and fair to existing shareholders and that the company’s best interests will be served by suspending work on the project for the time being. However, as it has also stated, it is still keen to undertake the project.