HL Deb 13 November 1980 vol 414 cc1549-50WA
Lord HARRIS of HIGH CROSS

asked Her Majesty's Government:

Following their Answer of 6th October (H.L. Official Report, 7th October, cols. 168–171) detailing financial support for nationalised industries, what further public money (in 1979 survey prices) has been made available to the British Steel Corporation by means of public dividend capital or in other forms not covered by the earlier Answer.

Viscount TRENCHARD

Since nation-alisation in 1967 the following amounts, in 1979 survey prices, have been provided to meet the British Steel Corporation's financial requirements over successive five year periods:

£ million
April 1965 to March 1970 April 1970 to March 1975 April 1975 to March 1980
PDC and capital subscribed under section 18(1) — 80 3,100

£ million
April 1965 to March 1970 April 1970 to March 1975 April 1975 to March 1990
Long term borrowing net of repayments 66 918 903
Regional Development Grants 179 346 349
Total finance supplied or guaranteed by Government 245 1,344 4,352