An alternative plan for the future of Stagecoach which, if passed, would see the company retain its headquarters in Perth has been supported by Perthshire Conservative politicians.
Earlier this week, it was announced that the new proposed cash offer from DWS Infrastructure will be open for Stagecoach shareholders to accept once the required documentation has been published.
If passed, it would replace the previous plan which put forward the suggestion of a merger between Stagecoach and National Express, resulting in the planned closure of the former’s HQ in Perth.
Commenting, Murdo Fraser MSP, who represents the Mid Scotland and Fife region, said: “This proposal has to be agreed but if it does come to fruition it will be great news for Perth. It has been announced that DWS Infrastructure’s intention is to retain Stagecoach’s HQ in the city, thus keeping the long association the company has with Perth.
“In addition, Stagecoach plan to open a new customer service centre in Perth in the spring of this year.”
Mr Fraser continued: “It is very encouraging to read that Stagecoach regard this new proposal as offering ‘higher value and greater certainty’ than the existing one from National Express, and, as a result, intend to recommend it to their shareholders and withdraw the recommendation of the plan from National Express.
“If the latest plan is agreed I’m sure it will be greeted with great relief by Perth-based Stagecoach staff and local residents.”
And Liz Smith MSP, who also represents the Mid Scotland and Fife region, added: “I am delighted to hear of this new proposal, which would keep the Stagecoach HQ in Perth. If the plan is passed, it will provide a huge boost to Perth and its surrounding area especially coming off the back of the very disappointing recent announcement from OVO Energy about job cuts to local workers.
“Perth has suffered a series of economic blows in recent years with the likes of Beales and Debenhams department stores closing, and then we had the bad news from OVO, so it is very heartening to hear that there could be brighter times ahead for the city.”
Councillor Angus Forbes, the Convenor of Perth and Kinross Council’s Environment and Infrastructure Committee, commented: “I am really pleased to hear this announcement. Whilst it still has to be agreed, it would be fantastic news for Perth and the surrounding area."
