HC Deb 25 March 1994 vol 240 c456W
Mr. Cousins

To ask the President of the Board of Trade if he will state the total expenditure on, and receipts expected from, Rolls-Royce in respect of launch aid estimated up to 1 April; and what expenditure and receipts are planned for 1994–95 to 1996–97 for Rolls-Royce.

Mr. Sainsbury

Rolls-Royce has received £505.5 million in launch aid (at current prices) and has paid receipts of approximately £292 million up to 1 April this year.

No launch aid expenditure for Rolls-Royce is currently planned for the years 1994–95 to 1996–97. Rolls-Royce currently estimates repayments of £82.5 million for these years.