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Barry Staines Ltd

Volume 951: debated on Friday 9 June 1978

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asked the Secretary of State for Industry whether any public funds have been invested in Barry Staines Ltd., formerly Tayside Floorings Ltd., and, if so, what is the current value of the investment.

Yes. Assistance under Section 7 of the Industry Act 1972 was given to Barry Staines Ltd.—then called Tayside Floorcoverings Ltd.—in November 1976, in the form of a loan of £667,500. This was published in "Trade and Industry" on 15th April 1977. It is not possible in the present circumstances of the company to estimate the current value of this loan.