HC Deb 25 November 1980 vol 994 c55W
Mr. Grylls

asked the Secretary of State for Industry if, pursuant to his statement to the House on 20 December 1979, he will confirm that the British Leyland 1980 corporate plan requested £297 million for 1980 with a further £133 million between 1981 and 1983; and if his statement committed the Government to provide a total of £300 million extra money up to the end of 1981.

Mr. David Mitchell

[pursuant to his reply, 24 November 1980, c. 53]: BL's 1980 corporate plan envisaged a requirement for £297 million of public funds in 1980 with a further requirement for £133 million between 1981 and 1983. BL only sought approval in the context of that plan for its 1980 requirements. In my right hon. Friend's statement of 20 December 1979, he recorded the Government's decision to fund BL's 1980 corporate plan by the provision of a total of £300 million which covered the company's requirements, for the financial year 1980–81.

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