MPs express “relief and delight” at Banham Poultry rescue deal
PUBLISHED: 20:12 05 October 2018 | UPDATED: 15:04 09 October 2018
Banham Poultry’s rescue deal with Chesterfield Poultry was welcomed by Norfolk politicians who hailed the “positive announcement” to secure the company’s 1,000-strong workforce.
Mid Norfolk MP George Freeman and South West Norfolk MP Elizabeth Truss had both been involved in talks with the company’s directors to ensure its long-term future.
Mr Freeman, who led the efforts to broker a deal, tweeted: “Great news for 2,000 people in Mid Norfolk tonight as @BanhamPoultryUK announce a deal to secure their future. A huge relief for all those who work at the plant and in the supply chain. Thank you to all those who have helped secure this.”
Ms Truss, who is also chief secretary to the treasury, said she had discussed the Banham situation with Lloyds Bank, which had given financial backing to the company’s investment programme, and so held an influential role in the sale negotiations.
She said: “I am delighted that a buyer has been secured for Banham Poultry. The business supports a considerable number of employment opportunities across East Anglia and I wanted to ensure every option was being explored by Lloyds Banking Group to protect the long term future of the business and safeguard jobs.
“I raised these points with senior directors at the bank, and I know the work done by George Freeman MP, local councils and the LEP (New Anglia Local Enterprise Partnership) in offering support has been instrumental in today’s positive announcement.”