HC Deb 22 June 1981 vol 7 cc6-7W
Mr. Trippier

asked the Secretary of State for Northern Ireland if he will make a statement on the funds to be made available to Harland and Wolff Ltd. in the current financial year and in subsequent years.

Mr. Adam Butler

The Government have decided to make available £46 million for the continued support of the company in the financial year 1981–82, and to allow the company to make commercial borrowings up to a limit of £10.9 million. The Government are at present considering, in the light of the report of the diversification review team and other considerations, a corporate plan prepared by the company which covers the period from 1 April 1981 to 31 March 1985. I will make a further statement on these matters in due course.