Nicola Smith
£110 million of funding that was allocated for Sheffield is now considered unaffordable, poor value for money and unreflective of the Government’s prorities.
Cuts in Sheffield are:
- £80 million loan for Sheffield Forgemasters cut
- £17 million funding for the development of Sheffield’s new retail quarter has been suspended
- £13 million loan to develop the Outokumpu site at Shepcote Lane, Sheffield, into an industrial park, has been cut
Trackback made by Cuts Watch: The consequences of Mr Osborne | Left Foot Forward on Aug 6th 2010 at 9:52 am:
[...] Low Carbon Buildings Programme and the Child Trust Fund and the decision to abandon the loan for Forgemasters. On the same day, the new government began a review of spending commitments made by their [...]