Cuts - And So It Begins

chucky

Pete111 wrote: »

I totally agree that even taking into account the extra tax revenue and reduction in benefits payouts, 80 Mill is way too much to pay for 180 jobs (by a loooong way)

However was this due to be a grant or a loan?

EDIT - Aha a loan - this looks slightly more harsh then

it's obviously cheaper to create 180 jobs in the private sector than create 180 jobs by projects like these...

at least the private sector job picture is looking good and will hopefully absorb many of these jobs.

Pennywise

doire wrote: »

Well this one - Sheffield Forgemasters International Limited: £80m - was going to create 180 new jobs for a start

No wonder they've shelved it.

£180m for just 180 jobs is ridiculous.

The last time I was involved with getting government funding for business development, we were looking at having to employ an additional permanent full time member of staff for just £30k of government grant - i.e. if we wanted £300k of grant, we had to put 10 bodies onto the payroll AND spend half the grant on plant & machinery - that was through the regional development funds.

Give small/medium businesses the £180m instead and you'll get a thousand or more jobs created as a minimum.

Thrugelmir

doire wrote: »

Check the BBC news website

BBC journalism constantly reached new lows. Poor quality reporting.

Pete111

chucky wrote: »

it's obviously cheaper to create 180 jobs in the private sector than create 180 jobs by projects like these...

at least the private sector job picture is looking good and will hopefully absorb many of these jobs.

No doubt.

However, my understanding is that this money was for a high tech Press (or somesuch) used in order to produce complex parts involved in producing nuclear power.

Hopefully funding will be found elsewhere as, looking at the wider picture, its just this sort of high skill/tech manufactoring we need to continue getting ahead in as a nation if we want to continue producing things rather than services. Cheap stuff can be (and now pretty much is) made elsewhere....lets try to keep making the expensive stuff where possible!.

Thrugelmir

tomterm8 wrote: »

????

What's that, then?

Some info.

A £13m project by regional development agency Yorkshire Forward to develop a former steelworks in Sheffield has also been cancelled.
The agency planned to buy the former Outokumpu site at Shepcote Lane and turn it into an industrial park.
Its executive director of environment Jan Anderson said: "The decision by government to cancel funding for the purchase of the Outokumpu site in Sheffield is a disappointing one."

The government has also announced the suspension of £12m of funding towards the Sevenstone retail development in Sheffield.

Seems Sheffield is a occuring theme what with Forgemasters.

Why was Sheffield singled out for special treatment?

Snooze

tomterm8 wrote: »

????

What's that, then?

Outu Kumpu is the steelworks at the side of the M1 next to Meadowhall.

Edit: Thrug beat me to it!

mbga9pgf

Bonia77 wrote: »

Could you please let me know how this cuts will decrease quality of life of average person?

I'm quite surprised that some of these projects were even considered good value-for-money for an average taxpayer...

Depends if you have broken your leg on the top of snowdonia and are waiting for a yellow cab to come pick you up.

mbga9pgf

Thrugelmir wrote: »

Some info.



Seems Sheffield is a occuring theme what with Forgemasters.

Why was Sheffield singled out for special treatment?

BEcuase its northern and full of labour voters :T

tomterm8

Thrugelmir wrote: »

Why was Sheffield singled out for special treatment?

Maybe the Labour party needed Sheffield votes?

In any case, I'm not that bothered by it, either.

mbga9pgf

Thrugelmir wrote: »

Some info.



Seems Sheffield is a occuring theme what with Forgemasters.

Why was Sheffield singled out for special treatment?

BEcuase its northern and full of labour voters :T


Edit:
Hang on, isnt nick cleggs constituency sheffield?