The Department for Business, Innovation, Science and Trade told the LDRS it could not comment on any purchase, but a government spokesperson said: “While this is a commercial decision for Raleigh, we understand that this will be a concerning time for workers and their families.
“A broad range of support is available for those affected. Acas can also provide employees and employers with free, impartial advice on workplace rights, rules and best practice.”
A statement from Broxtowe Borough Council said: “Cycle manufacturing in Broxtowe goes back to at least 1878 and has been a key part of the borough’s heritage.
“Therefore, the council are committed to taking any action that could maintain the legacy of the brand in the local area and bring economic activity to hard-pressed areas like Eastwood.”
Accell’s administrators were approached for comment by the LDRS.
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