§ Mr. Kenneth Clarke
asked the Secretary of State for Wales what has been the total of grants and loans out of public funds made to Triang Pedigree Limited; and what is the likely loss of public funds resulting from the insolvency of that company.
§ Mr. John Morris
The total of grants and loans paid to Triang Pedigree Limited from public funds is £2,840,000. In addition the Government have subscribed £1,025,000 for share capital.
It is too soon to make a meaningful assessment of the financial outcome following the appointment of a receiver.