Live updates

Copeland Mayor: Moorside will have 'lasting legacy'

An impression of what the Moorside development could look like. Credit: NuGen

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.

– Mike Starkie, Mayor of Copeland

Advertisement

Moorside: Toshiba considering 'sale of shares'

Toshiba is involved in NuGen's strategic review of Moorside. Credit: Rodrigo Reyes Marin/AFLO/Press Association Images

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.

– Toshiba spokesperson

Advertisement

First branded hotel could open in Galashiels

The company is planning to expand into Galashiels. Credit: Nick Ansell/PA Wire/PA Images

Travelodge has announced it's planning to build a new hotel in Galashiels, which would be the town's first branded hotel.

The company is looking at 21 sites across Scotland.

If it was to build hotels in all of these locations, this would represent a £100 million investment, and could create 400 new jobs across the country.

WATCH: 'Local businesses will feel Brexit impact'

An economic development expert from the University of Cumbria says businesses will feel the effects of Brexit - but only after negotiations begin.

Prime Minister Theresa May is expected to start the process of the UK formally leaving the European Union by triggering Article 50 today.

Professor Frank Peck told ITV Border the act of triggering Brexit was unlikely to have an immediate impact, but that in the medium term as negotiations get underway, companies who trade across European boundaries would be particularly affected.

  • ITV Border will have a series of special reports about the impact of Brexit on local people and businesses, at 6pm today
Load more updates