Harland and Wolff, Ltd. (Hansard, 19 November 1973)

§ Mr. Whitelaw

In May 1972 I announced that Government support would be given to a major expansion project at the shipbuilding firm of Harland and Wolff, Ltd. in Belfast, which was designed to increase output from 120,000 tons to 200,000 tons per annum. The company has been proceeding with the planned building and installation of new facilities and reorganisation of its management structure. Despite significant and welcome progress there have, however, been unexpected difficulties, particularly a prolonged industrial dispute earlier this year, which affected adversely the production programme of this shipyard and put back the time when the company expected to be profitable again. The company has, therefore, reported to the Government a need for a further measure of financial support in due course.

344W

The following table shows the available information in the form which corresponds most nearly to that requested.

The Government, who remain convinced of the need to secure the future of this important shipyard as the largest employer in Northern Ireland, have informed the company of their willingness in principle to provide further support and of their continued confidence in the management of the company. A detailed examination of the position, including in particular the company's capital investment programme, is being undertaken urgently with the assistance of outside consultants. The form and amount of support required will be assessed when this examination is completed and at that stage I hope to make a further statement.