§ 28. Mr. Gordon PrenticeTo ask the Secretary of State for Trade and Industry what conditions he attached to the launch aid awarded to Rolls-Royce to help with the development of the Trent engine. [82391]
§ Mr. BattleWhen I announced the public-private partnership with Rolls-Royce on 12 November 1997,Official Report, columns 626 –27, providing for up to £200 million of public investment in further development of the Trent aeroengine, my Department had signed a detailed contract with Rolls-Royce plc in relation to this partnership. The main conditions contained were that the company should continue its successful development of the Trent aeroengines involved, and that this should secure considerable benefit for the company, its suppliers and the wider economy.