HC Deb 01 February 1977 vol 925 c92W
Mr. John Moore

asked the Secretary of State for Industry what, since Her Majesty's Government became involved, have been the total moneys advanced to British Leyland; what is the total amount committed; how many employees British Leyland had at the time Government assistance was first advanced; and how many employees it has at the latest possible date.

Mr. Les Huckfield

£200 million was subscribed by Her Majesty's Government in October 1975 under the British Leyland Act 1975; and as my right hon. Friend told the House on 21st July 1976 he endorsed the conclusion of the National Enterprise Board that the first tranche of loan finance of £100 million envisaged in the Ryder Report should be made available to the company. Minor payments have also been made to British Leyland from time to time under general schemes of assistance available to industry. For information on the numbers employed, the hon. Gentleman should write to the company.

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