§ 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.