28 July: The government annnounced yesterday that it has granted Vestas £6 million in cash. This is ‘old money’ though, already committed a while ago. It’s being re-announced now as the government tries to save face in the teeth of the campaign to keep jobs at Vestas.
Vestas bosses insist that the funding will not keep the Isle of Wight factories from closure. They say closure is “unavoidable” because the wind energy market is currently “in a decline”. Instead of handing out cash to job-cutters, the Government should take the factories over and use them to meet an increased wind-energy investment plan.