HL Deb 24 July 1979 vol 401 cc1914-5WA
Lord ORR-EWING

asked Her Majesty's Government:

Whether any Directive has been given to the NEB on further industrial acquisitions pending decisions on its future and whether the investment of £300,000 in a medical electronics firm is in accordance with any such Directive.

The MINISTER of STATE, DEPARTMENT of INDUSTRY (Viscount Trenchard)

No direction has been given to the NEB in this matter. The NEB's planned investment of £300,000 in Sonicaid Limited was a firm commitment which the NEB had entered into under the previous Administration.