BBC update - partial extract19 Jul 2024 18:39
Harland and Wolff has confirmed the company will not get a government loan guarantee and that its chief executive has left his job.
The shipbuilder had applied for a £200m loan guarantee, which was considered vital for its financial stability.
The company says it is in now discussions with its existing lender and hopes to secure new finance within days.
It had also hired an investment bank to "assess strategic options".
That can mean a company is considering putting itself up for sale.
The chief executive John Wood is "taking a leave of absence from his role as CEO with immediate effect".
Gavin Robinson standing in a street. Houses are in the background as is one of the H&W cranes. Mr Robinson is wearing a checked blue and white shirt, a grey blazer and glasses.
Image caption,Gavin Robinson said east Belfast's support for Harland and Wolff is "incredible"
Gavin Robinson, MP for East Belfast, said the news provided "clarity" following "difficult speculation over the last number of weeks about the future of the yard and the government's intention for the yard".
He said: "On Monday we need to hear very clearly from government about the steps they will take to make sure administration is not on the cards, that those employed by the yard have a future and the government contracts there are an attractive proposition".
"The work that needs to continue is to not only reassure those who have been frustrated by negative briefings over the last number of weeks, but to see, very clearly, the pathway forward," Mr Robinson said.
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