York-based Shepherd construction working on a prestigious £200m shopping centre in Wakefield UK, has confirmed that the Anglo Irish Bank had declared it would no longer fund the scheme.
On Tuesday morning 185 workers at the Wakefield Trinity Walk shopping development being run by York-based Shepherd Construction stopped work. Shepherd construction is proactively working with other partners on a rescue package to secure funding for the completion of the project and is committed to seeing this project succeed. “No further site operations will take place until funding is in place on site until funding has become available.” Work started in September 2007 with major high street stores due to take up units in the development.
Wakefield Council said that, along with the development agency Yorkshire Forward, it had recently identified £7m grant aid for the project.