HC Deb 20 February 1981 vol 999 c244W
Mr. Marlow

asked the Secretary of State for Northern Ireland what is the total amount of Government grant so far given, plus loans so far guaranteed by the Government, to De Lorean cars per employee (a) currently working in the company and (b) at the predicted level of employment when the company is in full production.

Mr. Adam Butler

[pursuant to his reply, 19 February 1981]: The information sought is as follows:

Government assistance per employee (£)
Grants Grants and Government loans and Government Guaranteed commercial loans
Current employment (900) 31,666 65,777
Prospective full employment (2,000) 14,250 29,600

These figures exclude any allowance for the £17.8 million which the Northern Ireland Development Agency has subscribed in the form of participating preference share capital, and for income to government from the prospective royalty payments of £185 per car for the first 90,000 cars and £45 per car thereafter.

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