(BL). BL had been nationalised the previous year after going to the government for financial aid.

In 1975 the NEB bailed out the struggling electronics firm Ferranti with a £7m injection and effectively nationalised it, acquiring a 65% share of the company. After restructuring, it was returned to the private sector in 1980 as a profitable company.

Also in 1975, the NEB invested £25 million into the loss-making machine tool manufacturer Alfred Herbert

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