Sefton situation not a first says Chief Minister

Wednesday, 24 April 2013 00:00

Government has stepped in before to help local businesses survive difficult times.

That’s according to the Chief Minister who’s been defending the Council of Minister’s decision to bail out the Sefton Group.

He says a £1.3 million loan, and the purchase of a £3.2 million car park site, can’t be characterised as putting taxpayers money into a failing business.

The funding will enable the Sefton Group to reduce its borrowing from £72 million to £24 million.

Allan Bell says the business needs to continue and there is a proven track record this can work:

(PLAY AUDIO ABOVE)

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