HC Deb 16 April 1981 vol 3 c277W
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.