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 ›
The Mayor of Copeland says he has every confidence that the Moorside nuclear development will go ahead in Cumbria.
Mike Starkie was responding to speculation that the project could be scrapped, due to the financial difficulties of one of its major backers, Toshiba.
The head of an environmental think tank says Toshiba's financial troubles mean the nuclear development in Cumbria should be shelved.Read the full story ›
The news could have major implications for the Moorside development in Cumbria.Read the full story ›
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.
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
Scotland's economy is forecast to continue to recover this year but uncertainty caused by Brexit and a second Scottish independence referendum will slow growth, a new report has found.
Researchers at Strathclyde University's Fraser of Allander Institute predict the Scottish economy will continue to lag behind the UK, largely due to the downturn in the North Sea oil and gas industry.
In the three months to September 2016, the Scottish economy grew by 0.2 per cent while the UK economy grew by 0.6 per cent, while for the year Scotland's GDP increased by 0.7 per cent compared to a UK increase of 2.2 per cent.
The institute's latest forecasts for Scottish economic growth are 1.2 per cent in 2017, 1.3 per cent in 2018 and 1.4 per cent in 2019.
Institute director Graeme Roy called on both the Scottish and UK governments to "provide clarity and reassurance" over independence and Brexit respectively.