§ Dr. David Owenasked the Secretary of State for Trade and Industry what are the itemised figures of Government support and assistance, whether in the form of loans, subsidies or grants made available to the 50 leading defence contractors, for the last three years for which figures are available.
§ Mr. Anthony GrantDefence contractors are eligible on the same basis as other firms for investment grants under
Contractor 1970–71 1971–72 1972–73 British Leyland Motor Corporation Ltd. … £7,500,000 £2,500,000 — (IRC Loan) (Loan—IRC commitment) Laird Group … £2,595,000 — — (IRC Loan) £1,225,000 (IRC Share purchase) £1,500,001 (Grant) Rolls Royce and RR (71) Ltd. … £30,000,000 £20,000,000 — (Purchase of assets) (Share purchase) £50,000 £5,000,000 (Loan) (Loan) £10,000,000 (IRC Loan) Short Bros, and Harland Ltd. … £1,300,000 — — (Loan) Swan Hunter Shipbuilders Ltd. … £552,000 £1,055,000 — (SIB Grant) (SIB Grant) Vickers Ltd … £140,000 £27,457 — (Grant) (Grant) Vosper Ltd … £89,000 — — (SIB Grant) Yarrow (Shipbuilders) Ltd. … £96,344 £153,179 — (SIB Grant) (SIB Grant) Note: The above list excludes support for projects such as civil aircraft and aero-engines in receipt of launching aid, where arrangements are made to recover the Government's investment if the project is successful.