§ Mr. Cousins
To ask the President of the Board of Trade if he will state the total expenditure on, and receipts expected from, Rolls-Royce in respect of launch aid estimated up to 1 April; and what expenditure and receipts are planned for 1994–95 to 1996–97 for Rolls-Royce.
§ Mr. Sainsbury
Rolls-Royce has received £505.5 million in launch aid (at current prices) and has paid receipts of approximately £292 million up to 1 April this year.
No launch aid expenditure for Rolls-Royce is currently planned for the years 1994–95 to 1996–97. Rolls-Royce currently estimates repayments of £82.5 million for these years.