HC Deb 29 February 2000 vol 345 cc205-6W
Mr. Heathcoat-Amory

To ask the Secretary of State for Northern Ireland if he will list the Government grants or loans received by TransTec plc. or its subsidiaries for use in Northern Ireland since 1991. [111582]

Mr. Ingram

TransTec Automotive (Campsie) Ltd., a wholly-owned subsidiary of TransTec Plc, based at Campsie in Londonderry, and now in administrative receivership, was paid grants directly and also benefited in leasing terms from capital grants paid to the lessors of capital equipment as shown:

(1) From the Industrial Development Board for Northern Ireland Paid to the Company
Capital Grant 565,671
Employment Grant 2,901.999
Total paid to the Company 3,467,670
Paid to Lombard Initial Leasing Ltd. Capital Grant 13,192,196
(2) From the Training and Employment Agency Investment Support for Training 875,083
1 Where assets are leased grant is paid to the leasing company with TransTec Automotive (Campsie) Ltd. benefiting by way of reduced lease rental