§ Mr. Bruce-Gardyneasked the Secretary of State for Industry what has been the aggregate cost of all public funds paid and committed to Talbot Limited, Chrysler Limited, and Rootes Limited, from 1960 to date; what was the United Kingdom market share of Rootes Limited at the former date and Talbot Limited at the latter; and what was the number of vehicles exported by Rootes Limited in 1960, and by Talbot Limited in the latest year for which figures are available, respectively.
§ Mr. Michael MarshallUnder the agreement signed between the Government and Chrysler in 1976, a total of £64 million was paid to the company in the form of loss subvention grants. Loans totalling £50 million were also made to the company and £22 million has now been repaid.
Particulars of assistance to individual companies under the Industry Acts 1972 and 1980 are generally regarded as confidential between the department of Industry and the applicant. However, since 1 October 1974 regional development grants in excess of £25,000 and offers of selective assistance in excess of £5,000 have been published on a quarterly basis in British Business (formerly Trade and Industry). Fourteen payments of regional development grants totalling some £2.4 million to Chrysler Scotland Limited in respect of its Linwood premises have been published in this way.
Information relating to assistance given under the Industrial Development Act 1966 is not available.
619WThe information requested concerning Rootes Limited in 1960 is not available. Talbot held a market share of just under 6 per cent. in 1980. Exports by Talbot in 1979 totalled 62,063 vehicles.