Friday, 19 March 2010
Buying that Election
Business Secretary Lord Mandelson today put £80m behind Britain’s nuclear renaissance - or at least behind one company in Sheffield – intended to strengthen the UK’s civil nuclear supply chain, and to ensure that taxpayer funds were spent in Labour' client State.
The loan to Sheffield Forgemasters combined with funding from US reactor-builder Westinghouse, will enable the steel firm to build a 15,000 tonne press and finishing facility to produce the ultra-large forgings, such as reactor pressure vessels, for civil nuclear power and other applications. We are pleased to subsidise foreign companies especially when we can see votes for our people
“This is not just help for one company. Today we’re announcing a willingness to invest that will make the UK a leading provider in the nuclear and the low carbon supply chain,” said Lord Mandelson.
The company will be one of three in the world with the necessary nuclear accreditation to press the very largest forgings required to make critical components for nuclear reactors. The other firms are in Japan and South Korea.
These components have become a bottleneck in the nuclear supply chain and Westinghouse welcomed the emergence of a new supplier.
The decision to offer support to Sheffield Forgemasters is part of a strategic intervention to develop the nuclear supply chain and enable it to meet the demand of the next generation of new nuclear power stations to be built in the UK and to compete for orders worldwide.
“This will help to realise the potential of our industrial base to be world leading, export-led, and creating jobs and value here at home,” added Lord Mandelson, as we know only the State and large corporations can create employment.
The work will create around 180 direct highly skilled jobs in the long term and many more during the construction phase, according to BIS.Needless to say that this announcement can only help our election campaign
Today’s loan offer follows last year’s announcement of a Nuclear Advanced Manufacturing Research Centre in South Yorkshire, to help UK civil nuclear manufactures develop techniques, plus the creation of a Low Carbon Economic Area in civil nuclear in the North West and Yorkshire region.As you know these areas are critical for securing the next election
The UK is able to supply around 50 per cent of the plant and equipment for a civil nuclear programme in the UK, but with investment this could increase to 70 per cent, according to BIS. Of course believing the State can provide all, the next step is to mationalise the means of production and make the UK a fully fledged Plc
Sickening, they are using your money to buy Votes