Rolls-Royce (Hansard, 28 February 2001)

HC Deb 28 February 2001 vol 363 c707W 707W

§ Mr. Gordon Prentice
To ask the Secretary of State for Trade and Industry what conditions were attached to the grant of £250 million to Rolls-Royce. [151149]

§ Mr. Alan Johnson
The Government's investment of £250 million in Rolls-Royce is not a grant, but is a repayable investment which is expected to secure a substantial real rate of return for the taxpayer as well as securing wider economic benefits for the UK.
The conditions of the investment are commercially confidential under exemption 13 of the Code of Practice on Access to Government Information.