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Nrdc

Volume 176: debated on Wednesday 18 July 1990

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46.

To ask the Secretary of State for Trade and Industry how much the National Research and Development Corporation cost in (a) 1975, (b) 1979 and (c) 1989; and whether he will make a statement about its future.

57.

To ask the Secretary of State for Trade and Industry how much the National Research and Development Corporation cost in (a) 1975, (b) 1979 and (c) 1989; and whether he will make a statement about its future.

The National Research Development Corporation does not represent a cost to the Exchequer. In 1975 the Corporation remitted £3.9 million to Her Majesty's Government; in 1979, £9.4 million and in 1989 £9.6 million.Since 1981 the corporation has, with the National Enterprise Board, operated as the British Technology Group. The Government consider that it would be appropriate for the British Technology Group to be transferred to the private sector when suitable arrangements can be made.