MP calls for investigation into Norton government funding
The chair of Parliament’s Public Accounts Committee has called for an investigation into the extent of government funding of the Norton Motorcycle Company before the famous British marque went into administration.
Speaking to ITV News, Meg Hillier MP (Labour, Hackney South and Shoreditch) said that she would write to the Cabinet Office and the Department for Business, Energy and Industrial Strategy to call for an inquiry into the failure of the business.
As the BMF has previously reported, the troubled company finally went into administration last month despite receiving a £1 million lifeline from an investor late last year. However, an investigation by ITV also found that Norton and the British Motorcycle Manufacturing Academy, which was also under the control of Norton owner Stuart Garner, had previously received government grants which ITV estimated to be worth £5 million.
The failure of the business has put approximately 100 jobs at risk at the company’s Castle Donnington headquarters in light of doubts over whether the business can be sold as a going concern. The Pensions Ombudsman has also issued a notice of a public hearing to investigate complaints made by 30 applicants over three pension schemes connected to Mr Garner and LD Administration Ltd.
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