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Government Aid

Volume 885: debated on Monday 27 January 1975

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asked the Secretary of State for industry if he will publish a list of insolvent enterprises to which he has advanced, or proposes to advance, public money.

The Government do not support companies when they are insolvent. Since August 1972 assistance under the Industry Act 1972 has been granted or offered to 33 companies which have applied for support when confronting financial difficulty.