§ Mr. Grylls
asked the Secretary of State for Industry how much public money has been committed altogether by the Government to KTM Machine Tools (Holdings) Limited (a) by means of equity participation and (b) by means of loans; and if he will publish the conditions under which these loans were made and the date for their repayment.
Mr. Alan Williams
The Government hold half the equity in KTM Machine Tools (Holdings) Ltd. at a cost to public funds of £777,041, and have preference shareholdings of £4,172,200. The Government have made no loans to the company.