Disability employment provider Bedford will avoid entering voluntary administration for now, with the state government offering a $15 million lifeline to the organisation.<\/p>\n
Bedford had flagged on Thursday<\/a> that it would enter administration on Sunday unless it was given a financial lifeline.<\/a><\/p>\n Premier Peter Malinauskas said a “comprehensive” rescue plan has now been developed to “stave-off” the organisation going into administration.\u00a0<\/p>\n Bedford has 22 sites across Adelaide and regional South Australia.<\/p>\n It is understood the organisation employs over 800 staff and supports 1,400 people living with a disability.<\/p>\n “It was not an acceptable proposition from the South Australian government’s perspective that Bedford would go into administration this morning,” Mr Malinauskas said.<\/p>\n “Had Bedford gone into administration this morning, it would have been done in an unplanned way without any contingencies in place for the South Australians we care about most.”<\/p>\n Mr Malinauskas said Bedford’s chief executive officer, Myron Mann, has resigned.<\/p>\n The SA Premier said it was the government’s view that a change in management was required “in order to have confidence that we are able to give Bedford its best shot of having a secure future going forward”.<\/p>\n The government has also appointed advisory and restructuring firm McGrathNicol to “actively start getting to work on restructuring that business”, Mr Malinauskas said.<\/p>\n As part of the $15 million rescue package, the state government will acquire a supported accommodation site owned by Bedford in Clapham.<\/p>\n The site, known as Balyana, houses 40 people in supported accommodation, the Premier said.<\/p>\n “The transfer of that ownership secures the site but also provides a greater degree of security for the people that live there,” Mr Malinauskas said.<\/p>\n “It is well known that those facilities are approaching end of life, they’re approaching a state of not being fit for purpose, so a transition at some point will be needed.<\/p>\n “But had we not entered into this rescue package and this intervention, those residents would have woken up tomorrow without any security of their future whatsoever.”<\/p>\n Loading<\/p>\n","protected":false},"excerpt":{"rendered":"Disability employment provider Bedford will avoid entering voluntary administration for now, with the state government offering a $15…\n","protected":false},"author":2,"featured_media":289402,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3092],"tags":[54777,109434,109430,109433,51,347,60050,897,60052,109431,109432,16,15],"class_list":{"0":"post-294796","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-bedford","9":"tag-bedford-bailout","10":"tag-bedford-industries","11":"tag-bedford-lifeline","12":"tag-business","13":"tag-disability","14":"tag-disability-employment","15":"tag-jobs","16":"tag-people-with-disability","17":"tag-sa-government","18":"tag-sa-government-bedford","19":"tag-uk","20":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114922845867156596","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/294796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=294796"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/294796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/289402"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=294796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=294796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=294796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}