§ Mr. Gryllsasked the Secretary of State for Industry if he will name the chairman and directors of BSC Liaison Services Ltd.; and if he will place in the Library copies of its memorandum and articles of association.
§ Mr. TebbitThe constitution of their subsidiary companies is a matter for BSC, but Mr. MacGregor has agreed to arrange for copies of the memorandum and articles, and a list of the directors of BSC Liaison Services Ltd. to be placed in the Library. This company was previously owned by BSC (International) Ltd,., but will be used to hold certain assets, which BSC has agreed to buy from Duport Ltd., until negotiations to form phoenix II are completed. The memorandum and articles may require some further changes to fulfil this interim purpose.
370W
§ Mr. MacGregorThe policies pursued by the Government over the past year are leading to a lower rate of inflation and thus contributing towards a revival of the confidence needed for industrial investment generally. In addition, regional aid appropriate to the assisted area status of each part of the Northern region has continued to be available, amounting in 1980–81 to an estimated £150 million in the region. Similar figures for Newcastle upon Tyne and Tyne and Wear are not available. The Government intend to maintain their policies.