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De Lorean Car Co Ltd

Volume 14: debated on Thursday 3 December 1981

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asked the Secretary of State for Northern Ireland if he has received any further applications for financial assistance from the De Lorean Car Co. Ltd. of Dunmurry, Northern Ireland.

The Government have received no further applications for additional funding from the De Lorean Car Co. Ltd., but the company has recently requested an extension of guarantee in respect of £10 million of bank borrowings. The current guarantees, in respect of £17 million of bank borrowings, expire on 31 December 1981. The request is being considered.