§ Mr. John Evansasked the Secretary of State for Industry what United Kingdom Government grants, aid, tax concessions or other financial assistance are available to foreign shipowners having ships repaired in United Kingdom shiprepair yards.
§ Mr. DeakinsI have been asked to reply.
Foreign shipowners having ships repaired in United Kingdom shipyards are eligible for ECGD-backed export credit of up to five years at 7 per cent. interest. Similar facilities are, in general, available to British shipowners having ships repaired in foreign yards.