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British Leyland

Volume 990: debated on Monday 4 August 1980

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asked the Secretary of State for Industry whether he has received any requests from the National Enterprise Board or British Leyland about the financing of British Leyland's future model programme.

Funding for BL's future model programme is included in the overall financing requirement for the company set out in its 1980 corporate plan. My right hon. Friend expects to receive the next corporate plan during the autumn. The NEB is required only to seek his approval before BL proceeds with individual investment programmes costing over £25 million. No requests which re- quire such approval have come to him recently.