Industrial Reorganisation Corp

Sectors:

  • Government & government agency business related services Government & other agency support & promotion services for business

Notes:

Established 1966 as a government agency to achieve industrial efficiency and profitability by, inter alia, rationalising, developing and otherwise supporting UK businesses. Invested and otherwise provided financial support, paying any dividends to Treasury. Involved in notable rescues of such businesses as Rolls-Royce and Davy Ashmore and in rationalisation of industries such as ball bearing manufacture. Closed 1971 when assets transferred to Department of Trade & Industry

Groups: