Written statement made by Ian Pearson (Labour) on Wednesday, 6 May 2009 in the House of Commons, on behalf of the Department for Business, Enterprise and Regulatory Reform.
Automotive Assistance
The Government have today agreed to make available a one-off £5 million bridging loan facility to prevent LDV going into administration, and to facilitate the purchase of the company by Weststar of Malaysia. Weststar's proposed purchase of LDV offers the only credible chance of keeping this manufacturing plant in the UK, sustaining UK jobs and a platform for future model development.
Secondary information
- Type
- Written statement
- Reference
- 492 c11-2WS
- Session
- 2008-09
- Subjects
- Government assistance Motor vehicles Manufacturing industries Loans Sales LDV WestStar Group
- Contains statistics
- Yes
- Link
- View this Written statement on www.publications.parliament.uk
Librarians' tools
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- 2023-12-05 19:49:43 +0000
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- http://data.parliament.uk/pimsdata/hansard/PROCEEDING_77369
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