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Concorde

Volume 868: debated on Friday 8 February 1974

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asked the Secretary of State for Trade and Industry how many United Kingdom jobs are dependent on the Concorde project.

Up to 21,000 jobs are dependent upon Concorde. This estimate is based on the assumed labour content of Concorde contracts covering a broad spectrum of industry.

asked the Secretary of State for Trade and Industry what was the estimated total cost to public funds of Concorde in the years 1962, 1964, 1968, 1972 and the latest available estimate.

The development estimate for Concorde is currently being examined with the French Government and manufacturers. But previous estimates for development at historic prices have been:

£ million
YearUnited KingdomTotal
196275–85150–170
1964140275
1968250450
1972480970
19735251,065
Expenditure on production provides the necessary bridging finance before receipts from sales, and the eventual cost depends upon the number of aircraft sold.

asked the Secretary of State for Trade and Industry what was the estimated selling price of Concorde calculated in the years 1962, 1964, 1968, 1972 and the latest estimate which is available.

Concorde's-selling price depends upon many factors, not least individual airline requirements and the manner in which contract negotiations have progressed. The only sales achieved to date have been to British Airways and Air France, and the House was informed of the price agreed by my right hon. and learned Friend the Member for Gloucestershire, South (Sir F. Corfield) on 22nd December 1971.—[Vol. 828, c. 393.]

asked the Secretary of State for Trade and Industry how many orders for Concorde have now been confirmed.

asked the Secretary of State for Trade and Industry what is the latest estimaed cost of further research and development necessary before Concorde enters airline service.

As I informed the House on 22nd June 1973, the outstanding development costs to completion, including those arising after the aircraft enters service, were estimated to be £335 million for the United Kingdom and French Governments. These estimates are currently being reviewed.—[Vol. 858, c. 235–6.]

asked the Secretary of State for Trade and Industry if he will publish a statement of the Department's estimate as to the number of Concorde aircraft that would have to be sold to cover the capital and development costs of the project.

As I reminded the House on 2nd July 1973, in reply to my hon. Friend the Member for Oswestry (Mr. Biffen), successive administrations have recognised that only part of the development costs would be recovered. To publish such a figure for the production costs would be prejudicial to the manufacturers' sales efforts and to securing the best out-turn on the project.—[Vol. 859, c. 7.]