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British Shipbuilders (Subsidies)

Volume 84: debated on Wednesday 30 October 1985

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asked the Secretary of State for Trade and Industry if he will list for each year since 1979–80 the

1979–801980–811981–821982–831983–841984–85
Government subsidy for British Shipbuilders* (£ million)267150153114220154
Percentage of sales value of work done32·816·714·910·424·817·3
Subsidy per employee (£)3,3382,1432,2971,7703,7803,359
* Intervention fund assistance and payments of public dividend capital to British Shipbuilders.
Includes public dividend capital provided to permit a repayment of a £55 million loan from the National Loans Fund.
Excludes the cost of the sale of Scott Lithgow Ltd. to Trafalgar House Ltd. in March 1984.