HC Deb 17 June 1976 vol 913 c260W
Mr. Fitt

asked the Secretary of State for Northern Ireland what extra-statutory Government assistance has been made available to Wright Industries Limited, Newry, County Down.

Mr. Moyle

The Northern Ireland Department of Commerce has underwritten operating losses incurred by the receiver of this company up to a maximum of £75,000 and has made a short-term unsecured loan of £250,000 for working capital needs. The purpose of this support was to enable the receiver to continue production at the factory for a limited period whilst the Department carried out an investigation of the company's situation.