§ Mr. Nicholas Wintertonasked the Secretary of State for Industry whether he intends to end the provision of all financial support to Inmos Limited in the near future; and whether it is proposed to dispose of the company to private industry.
§ Mr. Michael MarshallThe National Enterprise Board is contractually committed to subscribe £25 million for shares in Inmos International Ltd. The board has drawn £20.5 million from my Department for this purpose so far and will draw the balance when it is required: the timing is a matter for the board. My right hon. Friend will consider any proposals the board may recommend for the disposal to private ownership of its shares in this company: this is a matter for the board in the first instance but no such proposals have yet been put to him.