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EDM (Early Day Motion) 300: tabled on 23 June 2010

Tabled in the 2010-12 session.

This motion has been signed by 29 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House expresses great concern at the decision by the Government to withdraw the £80 million loan to Sheffield Forgemasters, which would have complemented a similar amount of private investment in order to purchase and install a forging press capable of manufacturing parts for the nuclear power industry, making it the only company outside Japan and Korea to have this capacity and creating around 400 jobs directly and the opportunity for thousands more in the sector; rejects claims that the money was not there as this was a loan repayable with interest out of which the taxpayer would have made a profit once the extra employees' tax payments are taken into account; notes that Sheffield Forgemasters as a highly successful but medium-sized company was not able to access the total amount of cash commercially despite trying before approaching Government; further notes that it is regrettable that no Minister or civil servant sought to contact the company before withdrawing the loan, and that the end result will be the transfer of a share of growing market in specialised manufacturing products abroad with the loss of revenue and jobs involved; and therefore calls on the Government to reopen talks with Sheffield Forgemasters and rethink this issue as a matter of urgency.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

These members had previously signed the motion, but have now withdrawn their support. The date shown is when the Member withdrew their signature from the motion.