§ Mr. Tom Benyonasked the Secretary of State for Industry whether he has any plans to support further self-help levy schemes for the steel castings industry.
§ Mr. ButcherAgreement has today been announced by Lazards on the high alloy spun scheme. The Government welcome this news which, together with the high alloy static and the carbon and alloy schemes250W previously announced, represents a very substantial effort by the industry to overcome the problems of over-capacity by sharing the costs of restructuring. The schemes should go a long way towards securing the future of the industry, and it is for this reason that the Government have offered substantial assistance for the schemes under the Industrial Development Act.
We pay tribute also to the considerable work put in by Lazards, who have made these schemes possible.