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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.
It is crucial to West Cumbria that this project goes ahead to ensure that we have jobs and prosperity secured for present and future generations, ensuring a lasting legacy.
We believe this is the best of UK sites for investment, and as the Centre of Nuclear Excellence, we are well rehearsed in dealing with large scale nuclear projects.
I have today (Wednesday) spoken with the CEO of NuGen, Tom Samson, and I have had a frank and honest discussion with him. I am reassured that the reasoning behind the strategic review is to ensure that the Moorside project is on the right track and the commitment to its delivery assured.
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:
Toshiba and NuGen are undertaking a strategic review of its options towards continuation of the project. We cannot comment on its details.
With regard to Toshiba’s involvement of the project, no details have been decided yet, but we would like to explore alternatives, including sales of the shares, while carefully monitoring the situation, in consultation with other stakeholders including the British government.
With doubts over a nuclear development that could bring investment and jobs to Cumbria, the man behind Moorside has spoken to ITV Border.Read the full story ›
The House of Lords says the UK is slipping behind other nations when it comes to harnessing civil nuclear power.Read the full story ›
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.
A further nine rural bank branches will close in the south of Scotland this summer, Lloyds Banking Group has announced.Read the full story ›