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PEEL HOLDINGS GETS ANOTHER £4.6MILLION PUBLIC MONEY FOR PORT SALFORD
 

Star date: 3rd November 2015

PEEL HOLDINGS' £35MILLION PUBLIC MONEY FOR PORT SALFORD

Peel Holdings has just been handed a £4.6million loan of public money towards Port Salford by the Greater Manchester Combined Authority. This comes on top of over £30million of grants and loans from the public purse for Peel's Port, including £15million from Salford City Council.

The new loan is for roads to the Port, but Peel – owned by the John Whittaker family, worth £2,370million - has already had huge loans and grants towards the roads...

Full details here...


The Greater Manchester Combined Authority (GMCA), on which Salford Council sits, has given 'in principle' approval for £4.6 million in loan funding to Port Salford Holdings, part of Peel Holdings.

The loan has been handed to Peel, according to GMCA, "to deliver road improvements, reduce congestion and create better local transport connections to the new Port Salford National Import Centre"...but Peel has already had over £30million of loans and grants from the public purse, which included funding for its Port Salford roads.

Back in 2011, the Salford Star revealed that the Greater Manchester Growth Fund had provided £15million towards Port Salford, while Salford Council added a further £15million - £4million as a grant, and £11million as a loan – on which the Council would pay the interest for five years until 2016, costing the Council £360,000 per year in repayments (see previous Salford Star article – click here)

At the time, the then Leader of Salford Council, John Merry, reasoned in the Salford Star that "To make this work we will need to make significant improvements to the traffic infrastructure in the area and it is absolutely right that we support this scheme which will bring a significant financial boost and new job opportunities to the city..."

Europe's Trans-European Transport Network Executive Agency (TEN-T EA) also handed over a grant of 998,125 euros for viability studies for the Port Salford infrastructure.

On announcing the new grant to Peel, GMCA stated that "The project will support the creation of hundreds of jobs throughout the Port Salford site and will directly create at least forty temporary jobs in construction."

The Salford Star has questioned the amount of jobs being claimed by Peel as being created by Port Salford. It's numbers have varied from 1,170 jobs to 3,858 `gross permanent jobs' (see previous Salford Star article – click here).

Meanwhile, local residents in Barton and Irlam, where the Port Salford freight terminal is to be based, were outraged when Peel received planning permission to build a huge warehouse before the roads were in place (see here).

This latest GMCA loan brings the total of public money that Peel Holdings, in its various guises, has received to over £35million. Peel Holdings is owned by the Peter Whittaker family which, according to the Sunday Times Rich List is worth £2,370million, the second wealthiest people in the North West. Last year, according to the List the family's wealth increased by £70million from the previous year...

Michael F in Salford wrote
at 20:21:00 on 04 November 2015
Thanks Joe for the long term vision. I see Port Salford more as outward traffic, especially when the UK leaves the EU. Outward loading is quite a different approach to inward shipments. Bringing a range of goods to Salford Port via an improved rail link and via lorries that traverse goods via Trafford Park. Knock on effect would see 18,000 jobs, with many of them by resettled businesses into Salford. It is essential our joined up plan offers homes to the many young people needed to make the whole entity fantastically viable. It is why I want Salford Council to guarantee to people aged under 35 on our housing waiting list a home within 14 years and build even more 35+ homes.
 
Joe O'Neill wrote
at 05:42:52 on 04 November 2015
Just one of the many emails i received any views or comment? Looking at the wider picture, I think the decisions have been taken on a commercial basis to get Port Salford up and running before development further downstream at the "Atlantic Gateway" comes on line which could render Port Salford redundant at worse, under used at best. Port Salford will be the most inland port. To get to it, ships (providing that they can get up the Ship canal, considering developments to widen the Panama Canal enabling it to be used by larger ships) will be passing the new/improved/proposed: Port Seaforth Port of Liverpool Port Wirral Ellesmere Port Docks Port Ince Runcorn Docks Port Warrington Peel and Stobart are investing heavily in these sites http://www.atlanticgateway.co.uk/home Port Salford is part of this project but if I were an importer, I would be getting my goods unloaded and distributed at the earliest opportunity i.e. At a port further downstream than Port Salford. Perhaps the owners of Port Salford have realised this and want to show some return on their investment before the inevitable happens. Perhaps this too is a question to be asked: What will be the effect of the Atlantic Gateway proposals have on Port Salford? Will Port Salford remain economically viable? Just a few thoughts at this early hour. Regards
 
Michael F in Salford wrote
at 05:42:47 on 04 November 2015
While business build goes from large to huge I do feel Salford Council fails to match the trend in terms of homes for those 14,000 on our waiting list. I urge Salford Council to work with these business inward investors to build homes. We need to have 4,800 for our under 35s and 9,200 for our over 35s within 14 years to ensure all wanting to live in Salford have a home. That is only 1,000 homes each year, or 50 per ward. It should be a condition attached to allowing business builds.
 
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