MG Rover: Nanjing to get £666,000 government grant

Nanjing Automobile is to receive £660,000 in government grants to help it restart car production at the former MG Rover Longbridge factory, reports The Times today. The money will come from the Advantage West Midlands Development Agency and Birmingham City Council, and is reported to be specifically for building an effluent plant to treat factory waste in an eco-friendly way, and to "clean" the land. The investment will be matched by Nanjing itself.

The Times also reports today that the final accounts for Phoenix Venture Holdings, the holding company of MG Rover, will be published without the details of its last few months of trading before its collapse. Publication of the accounts has been delayed twice now; the accounts will reveal, however, the salaries paid to the Phoenix directors - still under investigation - prior to the firm's collapse, and the fees paid to auditors Deloitte, themselves facing an official inquiry.