Grace's Guide

British Industrial History

Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 144,387 pages of information and 230,176 images on early companies, their products and the people who designed and built them.

Industrial Reorganisation Corporation

From Graces Guide

Jump to: navigation, search

1966 Established by the Labour Government to promote industrial competitiveness in Britain by encouraging mergers to form large industrial groups

Promoted, encouraged and supported more than 50 mergers involving more than 150 companies. Some of the more prominent mergers that the IRC was involved in included: GEC-AEI-English Electric, the rescue of Rolls-Royce, the prevention of the foreign takeover of the ball bearing industry, British Motor Holdings-Leyland merger. One of its main successes was encouraging interchange of key personnel between the public and private sectors[1]

The IRC showed that there was need for a vehicle that provided a bridge between finance and industry, that could channel public money to investments of national importance that were not necessarily immediately profitable, and that operated in a professional and unflamboyant way[2]

1970 Disbanded by the Conservative Government; the investments were sold off over the next 2 years.

1971 It was estimated that the IRC had made investments worth c.£100 million in the private sector, which would be disposed of[3]

See Also


Sources of Information

  1. The Times Jun 22, 1983
  2. The Times, Jul 09, 1971
  3. The Times, Jun 30, 1971