Coalition Question Mark Hangs Over Michelin Funds
The Stoke Sentinel reports that up to ₤3.9 million awarded to Michelin through the regional development agency Advantage West Midlands (AWM) may not head in the tyre maker’s direction if the new coalition government’s spending axe falls upon it. The Government says it will review spending projects reviewed upon after January 1 and decide if they represent value for money; Michelin’s intention, according to the Sentinel, was to use the awarded funds towards a ₤20 million modernisation plan for its Stoke-on-Trent site.