HC Deb 16 November 1976 vol 919 c547W
Mr. Grylls

asked the Secretary of State for Industry when the National Enterprise Board expects the £100 million loan, of which £30 million was by means of a direction under Section 3 of the Industry Act 1975, to be taken up by British Leyland.

Mr. Les Huckfield

The loan will be taken up in stages. The timing of each stage is a matter to be agreed between NEB and British Leyland in the light of BL's financing needs.

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