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Mr. Shersby
asked the Secretary of State for Industry if he will make a statement on the outcome of discussions between his Department and Aston Martin Lagonda with regard to financial assistance under the Industry Act.
Mr. Heffer
Following discussions between my Department and Aston Martin Lagonda Limited, the Government proposed to make financial assistance available to the company subject to a number of conditions. This offer was formally conveyed to Aston Martin on 29th October but it was not taken up by the company.