§ Mr. Gryllsasked the Secretary of State for Industry if, further to his undertaking on 2 December, he will provide financial details of Rolls-Royce Ltd. as at 2 December, together with his expectation of the needs of Rolls-Royce for public funds in 1980–81 and 1981–82.
§ Sir Keith Joseph[pursuant to his reply, 11 December 1980]: At the end of November the total sums counting against the limit amounted to £549 million, of which £191 million was equity owned by the Government—excluding the commencing share capital which does not count against the limit—£26 million was a loan from the National Enterprise Board and £331.6 million was from commercial sources. I expect that a sum up to a maximum of £150 million of public funds will be provided to the company in 1981, other than funds provided for engine development programmes already notified to Parliament. The company will also be raising further finance from the private sector, which will also count against the limit.