Deal between Forgemasters and nuclear firm called off

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A PROJECT between Sheffield Forgemasters and a major nuclear industry supply company which was set to be helped with a share of the steelmaker’s £37 million Government loan has been called off.

The Star understands the Brightside Lane company was in discussions with Westinghouse about a new deal to supply forgings but that no agreement was reached.

Forgemasters says the Government loan, agreed in the Autumn from the Regional Growth Fund after controversy about the cancellation of a previous £80m loan promised by the last Government, is not specific to any clients.

The company has not yet decided how it will be used. Chief executive Graham Honeyman said: “The Regional Growth Fund project at Forgemasters is still undergoing consideration and consultation, necessary to determine specific details, timing and further planning.”

A spokesman for Westinghouse said: “We have a long-standing relationship with Forgemasters and they are a well-established high-quality supplier to us. We have often worked with them in the past, and expect to work with them long into the future. It is our company policy not to comment on commercial discussions.”