But new research on the election result shows that this money doesn’t seem to have made voters much more loyal to Labour. In the 25 seats that benefitted from the fund the swing against Labour was 12 percent. This is only marginally smaller than the 14 percent swing against Labour nationally.
This fund was, of course, the one that offered the now infamous loan to Sheffield Forgemasters which the coalition cancelled despite the firm being based in Nick Clegg’s Sheffield. He’ll be hoping that the fund continues to have little effect on election results.