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Story's £1.1m loan to Carlisle United written off

CUFC Brunton Park Credit: ITV Border News

Cumbrian businessman Fred Story has agreed to write off his £1.1 million loan to Carlisle United.

The loan was made from his company, Story Homes, during his time as owner of the club.

“I have obviously watched how the club has performed since I moved on and I can see they have hit a rough patch recently, with the relegation from League One and the run of results through the first part of this season.

“I have always said the football club is at the heart of our community and my intention, from the moment I walked into the building in 2003, was to help as much as I could to make it a success.

“At this moment in time I feel the best way I can achieve that is to waive the loan, with no strings attached, and hope that it provides the lift needed in all areas to allow the club to push on and get back to where we all want it to be.”

– Fred Story

“Fred has been a big supporter of this club for as long as I have known him and this, once again, shows how much he wants us to do well."

– Chairman Andrew Jenkins

“Fred took over at a difficult time and left the club in a fantastic position in 2008. The writing off of this loan will certainly help the financial position of the business and will, of course, take over £1.1 million off the balance sheet with immediate effect."

– Managing director John Nixon

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£16m funding sparks upgrade for Windermere rail

The Government has announced a £16 million investment to electrify the Windermere rail line in the Lake District.

The 10 mile branch line links the National Park to the west coast main line at Oxenholme. It will be upgraded to allow electric trains to run on the route for the first time.

Ministers says it will create a faster, more reliable and greener service. Tim Backshall reports

Minister: Rail upgrade 'absolutely crucial'

The Transport Minister, Baroness Kramer, says the electrification of the Windermere rail line is 'absolutely crucial.'

She was speaking after announcing the £16m investment, at Windermere station.

The 10 mile branch line links the National Park to the west coast main line at Oxenholme. It will be upgraded to allow electric trains to run on the route for the first time.

She says it is vital for visitors and locals to improve the links to Manchester Airport.

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It's electric: Windermere rail to benefit from £16m funding

Credit: ITV Border

Baroness Kramer, the Government's Transport Minister, was at Windermere station to officially launch the plan to electrify the 10 mile rail line between Windermere and Oxenholme.

South Lakes MP, Tim Farron, says the announcement of a £16m investment to electrify the Windermere rail line will boost tourism and attract new businesses to the area.

Credit: ITV Border

MP to announce Windermere rail electrification

MP Tim Farron will announce the £16 million investment to electrify the Windermere rail line.

The Government's Transport Minister, Baroness Kramer, will also be at Windermere station to officially launch the upgrading plan today.

MP 'over the moon' about rail investment

Windermere, which will have electric trains from 2017 Credit: ITV Border

South Lakes MP, Tim Farron, says the announcement of a £16m investment to electrify the Windermere rail line will boost tourism and attract new businesses to the area.

The Government's Transport Minister, Baroness Kramer, will be at Windermere station to officially launch the upgrading plan today.

As well as providing faster and more reliable journeys between Windermere and Oxenholme, where the branch lines links up with the West Coast main line, Mr. Farron believes it will help to protect through trains to Manchester Airport.

The MP has been campaigning for the changes, along with the Lakes Line Rail User Group.

"The plan will bring much-needed construction jobs in the shorter term and in the longer term attract new businesses, boost tourism and create a better environment for job creation. I am over the moon that we have been able to make this project a reality."

– Tim Farron MP

“This will be a shot in the arm to our tourism industry and means people can have breakfast in London and lunch in Windermere."

– Peter Thornton, Leader of South Lakeland District Council
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