DOZENS of new jobs are set to be created after Sheffield Forgemasters was finally granted a Government loan to expand its production facilities.
But the company will receive £36 million instead of £80 million in the loan so controversially cancelled 16 months ago.
The announcement was made at the company’s Brightside Lane base by Sheffield Hallam MP and Deputy Prime Minister Nick Clegg, who has taken a huge amount of flak locally about the decision to cancel the old loan.
Peter Birtles, group director at Sheffield Forgemasters International Limited, said the loan will allow the company to purchase new machines and equipment to expand its business.
For full details and reaction see The Star tomorrow.