HC Deb 08 February 1994 vol 237 c121W
Mr. Luff

To ask the Chancellor of the Exchequer what fiscal measures he will take to assist the competitive position of the British shipping industry following the German Government's decisions to extend tax concessions for investors in shipping companies.

Mr. Dorrell

The Chancellor of the Exchequer announced in his Budget that shipping companies will benefit from a special higher limit of £5 million for the amount which they can raise annually from investors under the new enterprise investment scheme. Other measures announced by my right hon. Friend the Secretary of State for Transport on 15 December 1993 include an extension of the Government's existing support for training to cover junior officers.