Harold Wilson12 November 1975
Industry Act 1975 receives Royal Assent, creating the National Enterprise Board and industrial support powers.
Great Britain · Government / Labour Party Government. Chronological records rendered directly from the World History Database.
Industry Act 1975 receives Royal Assent, creating the National Enterprise Board and industrial support powers.
By the time that the NEB was set up under the 1975 Industry Act its remit had been modified. Its primary role was now that of providing funds for industrial investment.
Industry Act 1975 creates the National Enterprise Board and industrial support powers
It also had the specific roles of promoting the rationalisation of firms within particular sectors of industry, with stimulating the growth of exports and in assisting the development of small companies
The Industry Act gains impetus by the socialist economist Stuart Holland and the growing desire among Labour's left-wing to fulfil the promise contained in Clause IV of the Party's constitution for social ownership of the economy.
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