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Buyout backing

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6th April 1989

Page 24

Page 24, 6th April 1989 — Buyout backing

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• A staff buyout of Northern Scottish Omnibuses, the biggest bus operation in north-east Scotland, would win full Government backing plus cash, according to Scottish Home Affairs Minister Lord James Douglas-Hamilton. The level of assistance under declared policy to one team per company will be up to 75% of the cost involved in mounting the bid. Northern's managing director, James Westby, says: "I very much welcome this move and hope it will help to ensure a successful buyout."