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Brittania Life Assurance

Volume 201: debated on Monday 13 January 1992

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To ask the Secretary of State for Scotland what financial assistance, other facilities and resources were given to Britannia Life Assurance when the company obtained premises within the Inverclyde enterprise zone; and if he will make a statement.

No assistance was offered to Britannia Life Assurance in respect of premises within Inverclyde enterprise zone. However, assistance was previously offered to Crusader Insurance in respect of these premises, under section 7 of the Industrial Development Act 1982. My officials are considering carefully the status of this assistance.

To ask the Secretary of State for Scotland what advance notice and information he was given by the Britannia Life Assurance concerning the decision to vacate the company's premises in the Inverclyde enterprise zone; and if he will make a statement.

My Department was given less than two days notice by Britannia Life Assurance in advance of that company's announcement.