HC Deb 23 February 1970 vol 796 c216W
56. Mr. Biffen

asked the Minister of Technology if he is satisfied that Rolls-Royce have sufficient cash resources to meet the development cost of the new generation of aero-engines now being ordered by Her Majesty's Government; and if he will make a statement.

Mr. Benn

Engines to meet Her Majesty's Government's military requirements are normally developed at Her Majesty's Government's expense.

On the civil side the company is developing the advanced technology RB211 engine with substantial financial assistance from Her Majesty's Government and has recently submitted proposals for a larger version of this engine. The firm's cash resources are one of the factors taken into account in considering launching aid.