HC Deb 25 January 1990 vol 165 cc840-1W
Mr. Ingram

To ask the Secretary of State for Scotland (1) if he will provide details of the criteria used in selecting the in-house bid for Kelvin Central plc to receive financial assistance from the Scottish Transport Group;

(2) pursuant to his answer of 22 January, why the Scottish Transport Group decided not to provide financial assistance to the employee-led bid for Kelvin Central plc.

Lord James Douglas-Hamilton

Financial assistance was made available by the Scottish Transport Group to the management-employee team led by the managing director of the company in the light of information supplied by the team about the shareholding structure and financing arrangements proposed for their bid. No request for assistance has been received for any other employee-based group.