Claim follows underwriting of bank loans to Sheffield Forgemasters by Rolls-Royce,BAE Systems and BabcockTrade unions have said a government-backed support package for Sheffield Forgemasters demonstrates that ministers can achieve more to support Britain’s embattled steel industry.
Manufacturing group Rolls-Royce, defence contractor BAE Systems and military services firm Babcock International have agreed to underwrite approximately £30m of bank loans to the steelmaker. They have done so as industrial stakeholders in Submarine Enterprise Partners, or which runs the programme for replacing Britain’s nuclear submarine fleet.
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Source: theguardian.com