§ 27. Mr. Michael Brown
To ask the Secretary of State for Energy what was the level of Government investment and grant aid in British Coal between 1974 and 1979 and between 1979 and 1990; and if he will make a statement.
§ Mr. Heathcoat-Amory
Between 1974 and 1979 the Government assisted British Coal in financing £1,475 million of new investment and provided £401 million in grant aid. Between 1979 and 1990 the figures were £7,212 million and £14,826 million respectively. At March 1990 prices this comprises an average level of investment and grant of £843 million and £231 million per year for the years 1974 to 1979 compared with £940 million and £1,630 million respectively for the years 1979 to 1990.