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Richards Shipbuilders Ltd

Volume 164: debated on Thursday 21 December 1989

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To ask the Secretary of State for Trade and Industry if he will make a statement about an application from Richards Shipbuilders Ltd. for assistance from the shipbuilding intervention fund.

To ask the Secretary of State for Trade and Industry if he will make a statement about an application from Richards Shipbuilders Ltd. for assistance from the shipbuilding intervention fund.

I am pleased to announce that I have approved in principle a grant from the shipbuilding intervention fund which will enable Richards Shipbuilders Ltd. confirm an order for a tug which will be constructed at its Great Yarmouth yard for the Alexandra Towing Co. Ltd. This order will maintain employment at this yard.