HC Deb 29 November 1974 vol 882 c281W
Mr. Ralph Howell

asked the Secretary of State for Industry how much financial assistance has been granted by his Department to the workers' co-operative at Meriden; and if he will make a statement on the progress of negotiations to date.

Mr. Meacher

The offer of financial assistance to the proposed workers' co-operative at Meriden was subject to the conclusion of the necessary agreements between the co-operative and Norton Villiers Triumph Ltd. Those agreements have not yet been concluded and no payments have so far been made to the co-operative.