HC Deb 08 November 1977 vol 938 cc91-2W
Mr. Alexander Fletcher

asked the Secretary of State for Industry to what extent the financial affairs of Glenfield and Kennedy of Kilmarnock, now in the hands of a liquidator, were investigated by his Department before he made a grant of £925,000 available to that company; and if the full amount of the grant outstanding will be made available to any new owner of the company.

Mr. Les Huckfield

The Department carried out an assessment of the company and its proposals before making an offer of assistance under the ferrous foundry scheme. Payments under the offer were suspended following the appointment of a receiver. A new owner could benefit from the offer if the Department approved his proposals to proceed with the development project.

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