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Rolls-Royce (1971) Limited

Volume 22: debated on Monday 26 April 1982

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asked the Secretary of State for Industry if he will make a statement about the future financing of Rolls-Royce (1971) Ltd.

The Government have agreed to provide Rolls-Royce with up to £50 million of equity funding in this financial year together with £57 million in respect of previously agreed support for civil aero-engine development projects. Thereafter the company's objective is to dispense with further Government funding, save for launch aid for new engine projects.