HC Deb 09 March 1955 vol 538 c64W
Mr. Grimond

asked the Minister of Supply the total amount paid since 1946 to private firms engaged in aircraft and aero-engine production by way of grants or subsidies for experimentation and development.

Mr. Selwyn Lloyd

Expenditure from public funds since 1946 under contracts placed with industry for research and development of aircraft and aero-engines has amounted to some £290 million. These payments have been for work done and are in no sense subsidies.