HC Deb 26 April 1982 vol 22 c188W
Mr. Michael McNair-Wilson

asked the Secretary of State for Industry if he will make a statement about the future financing of Rolls-Royce (1971) Ltd.

Mr. Butcher

The Government have agreed to provide Rolls-Royce with up to £50 million of equity funding in this financial year together with £57 million in respect of previously agreed support for civil aero-engine development projects. Thereafter the company's objective is to dispense with further Government funding, save for launch aid for new engine projects.