HC Deb 05 July 1971 vol 820 c252W
Mr. Edelman

asked the Secretary of State for Trade and Industry how much financial aid Her Majesty's Government has given to the British Aircraft Corporation since 1964; how much of this was launching aid; how much was recuperable; how much has been recuperated; and how much he expects to recuperate during the next five years.

Mr. Corfield

Leaving aside Concorde, £11 million since 1964. This was all launching aid, for the VC10 and BAC 1–11 aircraft. It is recoverable as a levy on sales. Total launching aid for these aircraft was £29 million. About £3.5 million has been recovered and we expect to recover approximately £3 million more over the next five years.