§ Mr. John Mooreasked the Secretary of State for Industry what has been the total amount of money advanced to Upper Clyde since Government aid commenced, to the latest possible date; what has been the increase in productivity during the same period of time; how many employees there were at the time assistance commenced; and what is the total work force employed to the latest date.
§ Mr. Kaufman£5 million for share capital in Govan Shipbuilders Ltd. was subscribed by the then Government when the company was formed in 1972. Since then loans and grants totalling £40,822,000 have been provided, £5 million of which has been converted into share capital. The total labour content of Govan's standard bulk carrier at the time the company was formed was 850,000 man-hours. The most recently delivered bulk carrier of similar design used 600,000 man-hours. On formation the company employed 4,602. At that time, owing to shortage of orders, its capacity was not fully utilised. At the end of 1976 it employed 5,771.