HC Deb 08 July 1977 vol 934 cc708-9W
Mr. Kenneth Clarke

asked the Secre tary of State for Industry how much public money has been loaned by the Government to companies which did not justify assistance in the opinion of the Industrial Development Advisory Board; how much has been repaid to the Govern ment of those loans; and how much has been written off because of the subse quent insolvency of the companies assisted.

Company Loan £m. Position to date
Meriden Motorcycle Co-operative 4.2 Loan not yet due for repayment. One pay merit of interest of £128,000 has been made
Penrad 0.3 Company in receivership but loan not written off.
Bear Brand 0.35 Company went into receivership but loan not written off.
Scottish New Enterprises 1.2 Company in liquidation £559,000 has been received from the liquidator to date.