§ Mr. Christopher Price
asked the Secretary of State for Industry how much public money has now been spent on United Medical Enterprises and its predecessor companies.
§ Mr. Tebbit
The National Enterprise Board acquired its shareholding in United Medical Enterprises in March 1978 at a cost of £5,774,300. This figure includes a prior investment in March 1977 of £250,000 in a subsidiary company, United Medical Company International Ltd. In addition, the NEB has provided United Medical Enterprises with a loan of £450,000.