HC Deb 29 July 1982 vol 28 c639W
Mr. Trotter

asked the Secretary of State for Industry whether he is prepared to approve a payment to British Shipbuilders from the intervention fund to enable it to tender for the replacement for the "Atlantic Conveyor" at a net price of 15 per cent. lower than otherwise.

Mr. Butcher

Since British Shipbuilders has now got the order the need for this does not arise.

Mr. Trotter

asked the Secretary of State for Industry to what extent and in which directions public money has been made available to British Shipbuilders (a) since its inception and (b) since May 1979.

Mr. Butcher

Since its inception British Shipbuilders has received from public funds £691 million in loans, public dividend capital, and support from the intervention fund and under the shipbuilding redundancy payments scheme. About £600 million of this total was advanced from May 1979.