Marion Fellows
Main Page: Marion Fellows (Scottish National Party - Motherwell and Wishaw)
Sajid Javid
Some of the best support that we can provide is the confidence that we have given to the sales process to secure a long-term future for Tata’s assets in the UK. My hon. Friend will know that, for example, we have talked about helping with financing on commercial terms, with potentially hundreds of millions of pounds of financing, including a potential equity investment, on commercial terms, of up to 25%.
Marion Fellows (Motherwell and Wishaw) (SNP)
In Scotland, the Tata plant in my constituency, Dalzell works, has already been sold on, but current and former steelworkers in Motherwell and Wishaw will rightly be concerned about their pensions, now frozen in the Tata scheme. Will the Secretary of State provide assurances as quickly as possible to my constituents that their future pensions are secure?
Sajid Javid
It is important that the hon. Lady knows that no pensions are frozen. The scheme is working as it should. The reason this consultation has come about is that, as I have said, the scheme trustees believe that this may lead to a better outcome for all members, including her constituents.