§ Mr. IngramTo ask the President of the Board of Trade what is the total level of support paid to industry under the launch aid programme since its inception. [992]
§ Mr. Greg KnightUnder the Civil Aviation Act 1982, launch aid may be allocated to the UK aerospace industry for the design and development of civil aeronautics projects. Launch aid had been allocated to the industry under previous legislation. A total of £968.1 million was allocated between the 1961–62 and 1995–96 financial years. Earlier figures are not readily available.
§ Mr. IngramTo ask the President of the Board of Trade what have been the total receipts from the launch aid programme since its inception. [993]
§ Mr. KnightA total of £597.7 million was received by Government between the 1961–62 and 1995–96 financial years in repayment of launch aid for civil aeronautics projects.
§ Mr. IngramTo ask the President of the Board of Trade what was the last project supported by his Department under the launch aid programme; when this took place; and what was the level of the support. [991]
§ Mr. KnightIn 1995–96 Short Brothers plc of Belfast was allocated launch aid of £16.4 million towards its contribution to the Learjet 45 executive jet. This project is still current and a further £1.32 million of remains to be allocated to the company.