§ Mr. Kilroy-Silkasked the Prime Minister what is the total amount of money offered by the Government to Courtaulds Ltd. in order that it could keep open its Aintree factory.
§ The Prime MinisterIn July 1980 Courtaulds Ltd. was offered selective assistance of £1.1 million under section 7 of the Industry Act 1972 towards the partial modernisation of its Aintree factory. The offer was not taken up because of adverse changes in market circumstances. It is not Government policy to provide assistance to companies to keep factories open against their commercial judgment.