Border Business

Here's Katie Hunter's exclusive interview with NuGen Chief Executive Officer Tom Samson. Mr Samson says he's certain the plant will go ahead.

The Mayor of Copeland says he has complete confidence that the Moorside nuclear project will go ahead, and leave a "lasting legacy" in west Cumbria.

Plans for a multi-billion-pound nuclear site have been thrown into doubt by the financial struggles of Toshiba, the Japanese company that owns NuGen, who are responsible for Moorside.

NuGen is now carrying out a strategic review, to determine the future of the nuclear development.

Mike Starkie said he had discussed the problems with NuGen's CEO Tom Samson today.

• Mike Starkie's comments follow ITV Border's exclusive interview with NuGen CEO Tom Samson

Japanese conglomerate Toshiba is considering selling its shares in NuGen, the company behind a proposed new nuclear power site in Cumbria.

Toshiba is set to take full ownership of NuGen, because of the withdrawal of another company, Engie.

However due to financial difficulties, the firm wants to put nuclear projects outside Japan on hold.

Following an exclusive ITV Border interview with Tom Samson, the CEO of NuGen, Toshiba has released the following statement:

A haulage firm founded in Carlisle, Eddie Stobart, has been valued at more than half-a-billion pounds.

The company shares, worth £570million, go on sale tomorrow on the Alternative Investment Market.

Stobart's plans to use some of the revenue to purchase another logistics firm, i-Force, for £45million.