The £80m loan which was promised to Sheffield Forgemasters by the Labour government and then axed by the coalition could now be back on, according to the company.
The money was earmarked for the building of a 15,000 tonne press which would be used to build ultra heavy forgings for modern civil nuclear power reactors – a host of which are to be built in the UK and throughout the world. The new press would have given Sheffield Forgemasters a unique capability in…
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