§ Sir J. Edenasked the Secretary of State for Industry how many advance factories have been built in each of the last five years; at what cost; how many remain unoccupied; and what is their present value.
§ Mr. Gregor MackenzieThe information is as follows:
this figure is inclusive of obligations to British Leyland, Rolls-Royce and any other firms benefiting from financial support.
§ Mr. KaufmanThe borrowing limits of the National Enterprise Board are set out in Section 8 of the Industry Act 73W 1975, and take account of the NEB's investments, including its investments in British Leyland Ltd. and Rolls-Royce (1971) Ltd. But this will not be the only source of Government finance for NEB companies. They are also eligible for financial support under the Industry Act 1972 and other legislation. For British Leyland the Government estimate that £200 million is likely to be provided under the Industry Act 1972 over the period up to 1979–80. Consequently it is not possible to indicate the limits to the sums of finance available to companies in which the NEB has an interest.