Sheffield Forgemasters

Meg Munn Excerpts

Wednesday 21st July 2010 Commons Chamber

[Mr Prisk]

I will move on, because the hon. Member for Sheffield South East, the constituency Member of Parliament, has asked a series of questions, and I want to try to answer them. I appreciate that Members from Wales and elsewhere may wish to intervene, but the matter relates to Sheffield, and I am going to try to deal with it. Let me move on, if I can.

I said that a private sector outcome was an important possibility. Hon. Members alluded to the fact that the company has set out its views in just the past 48 hours. It might help the House if we listened to those views. Dr Honeyman has said, in the past 24 hours:

“We are still keen to undertake the 15,000 tonne press development but feel that the company’s best interests will be served by suspending work on the project for the time being.”

[Interruption.] One moment, and I will give the answer that the right hon. Member for Don Valley (Caroline Flint) seeks. The statement continues:

“The opportunities in global nuclear will continue to grow.

This pause will give the company, which has invested more than two years and significant funds to this project, time to resume a greater focus on growing our business into civil nuclear and other sectors.”

Dr Honeyman concludes—this is very relevant to the issue that Members are concerned about:

“As our thinking develops we will of course take up the Government’s offer of further discussions. The company recognises the difficult financial position faced by the country and accepts the loan offer will not be reinstated.”

[Meg Munn (Sheffield, Heeley) (Lab/Co-op)]

I am listening to the Minister very carefully and he is making a great deal of the issue of unaffordability, but the Government have continued with projects in relation to Nissan and other industrial projects. Why Sheffield Forgemasters, when clearly the Government are saying to us that they appreciate just what a great company it is?

[Mr Prisk]

There are difficult decisions in this issue, and we have taken the view that the project is unaffordable. That is the challenge that we have had to deal with.