Latest News Headlines
On-Air Now
Listen Live
Facebook

Treasury Minister defends Sefton recovery package

Mon, 22 Apr 2013


The Treasury Minister says government’s rescue package for the Sefton Group should allow the company to move out of troubling times and continue to flourish.

A £1.3 million loan and the £3.2 million purchase of the Middlemarch site in Douglas will allow the Sefton to continue to operate and work through its debt reduction programme.

The money for Middlemarch comes from Treasury’s land acquisition reserve fund.

Eddie Teare says he's confident the bailout will see a turn around in fortunes that the group needs:

(PLAY AUDIO BELOW)


Media

  • Eddie Teare

 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed