HC Deb 16 December 1976 vol 922 c805W
Mr. Nicholas Winterton

asked the Secretary of State for Industry if he will list the total amount of public funds which have been given to British Leyland since British Leyland first made an application.

Mr. Kaufman

£200 million was subscribed in October 1975 under the British Leyland Act 1975 for shares pursuant to the rights issue. The first instalment of loan finance under the Ryder Report programme has not yet been paid. British Leyland has also taken advantage from time to time of the various schemes of assistance available to industry under the Industrial Development Act 1966, the Investment and Building Grants Act 1971 and the Industry Act 1972.

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