Sponsored by
Cameron Q&A: Forgemasters told to find its own funding
SHEFFIELD Forgemasters has been told it should look to raise equity itself rather than look to the Government for a loan.
___________
Download David Cameron's question and answer session with Yorkshire Post readers as a podcast Listen now
Or download to your MP3 player (right-click and choose Save Target As...)
___________
Following controversy over the Coalition Government's decision to scrap an 80m loan to the company agreed by the previous Labour administration, David Cameron said it was not right for a Government to provide loans to companies, who had other means of raising the money.
Craig McKay of the Evenot firm said that since the decision was made there had been a "lack of information" coming from Government on the matter.
But Mr Cameron said the previous Government had agreed to many financial decisions "without too much regard for value".
"The first call for getting new funding should surely be looking at whether you can dilute equity – get more equity holders into the business and raise money like that."
Email to a friend
Print this page- Leeds lose Ward to Palace: Is there anyone they can afford now?
- Sheffield Wednesday leaving it late to hijack Leeds United over Ward
- As Snodgrass dithers over Leeds, Warnock throws a lifeline
- Ball is in Leeds United’s court over contract - Snodgrass
- Police turning blind eye to Asian voter fraud, says MP
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Yorkshire
Saturday 26 May 2012
Today
Sunny
Temperature: 9 C to 21 C
Wind Speed: 17 mph
Wind direction: East
Tomorrow
Sunny
Temperature: 9 C to 22 C
Wind Speed: 13 mph
Wind direction: East
