§ Sir Alex Fletcher
asked the Secretary of State for Trade and Industry how much support from public funds of all kinds has been made available to the aerospace and aeroengines industries since the fiscal year 1978–79.
§ Mr. Butcher
[pursuant to his reply, 2 March 1987, c. 517]: From the fiscal year 1978–79 to 1985–86 inclusive, Department of Trade and Industry funding for the civil aircraft, aero-engines and associated equipment industry totalled approximately £1,400 million. This figure includes support in the form of launch aid, research and development programmes, direct grant support to companies for innovation, and assistance under sections 7 and 8 of the Industry Act; equity investment in Rolls-Royce Ltd. between 1978–79 and 1982–83; and public dividend capital for British Aerospace.