Written question asked by Nick Palmer (Labour) on Wednesday, 21 April 1999, in the House of Commons. It was due for an answer on Thursday, 22 April 1999. It was answered by John Battle (Labour) on Thursday, 22 April 1999 on behalf of the Department of Trade and Industry.

Dept of Trade and Industry

Question: To ask the Secretary of State for Trade and Industry, if he will make a statement about the availability of Shipbuilding Intervention Fund grants for 1999. - Includes figures.

Answer: Dr. Palmer: To ask the Secretary of State for Trade and Industry if he will make a statement about the availability of Shipbuilding Intervention Fund grants for 1999. [82166] Mr. Battle: I have decided to extend the Shipbuilding Intervention Fund for currently eligible yards until 31 December 1999. The rates of support will be unchanged from those in 1998, namely 9 per cent. for large ships and 4 1/2 per cent. for small ships, both rates inclusive of Shipbuilders' Relief of 2 per cent. These are the maximum rates permitted within the EU's Shipbuilding Regulation.

Secondary information