§ Mr. Maddenasked the Secretary of State for Industry what has been the research and development funding assistance to Lucas Aerospace for the last full year for which figures are available.
§ Mr. Les Huckfield:I will reply to my hon. Friend as soon as possible.
1975£m 1976£m 1977£m 1978£m British Leyland Act 1975 … … … … 200 — — — NEB Funds (Industry Act 1975) … … … … — — 120 300 Section 8 of Industry Act 1972 … … … … — — 30 150 Total … … … … 200 — 150 450 — — — — Equity or Loan … … … … Equity — Loan Equity Under the terms of the January 1976 agreement, a total maximum commitment of £162.5 million was made to Chrysler (UK) Ltd. To date £51.5 million has been paid towards losses and £37 million in loan money towards specific investment projects.
BL, Chrysler, Vauxhall and Ford have all benefited from schemes of assistance which are available to industry generally.