The Industrial Reorganisation Corporation was an entity established by the Government of the United Kingdom to reorganise British industry.
The corporation was established by the First Wilson ministry in 1966 [1] with the objective of encouraging mergers to make British industries more competitive. [2] Its activities included facilitating the merger of GEC and AEI in 1966 and of the merger of that enlarged entity with English Electric in 1968. [3] It also facilitated the merger of British Motor Corporation with Leyland Motors in 1968 [3] and the merger of RHP, a ball bearing manufacturer, with Ransome & Marles in 1969. [4] It was wound up by the Heath ministry in 1970. [5] The Chairman throughout most of its life was Sir Frank Kearton. [6]
The Industrial Reorganisation Corporation was an entity established by the Government of the United Kingdom to reorganise British industry.
The corporation was established by the First Wilson ministry in 1966 [1] with the objective of encouraging mergers to make British industries more competitive. [2] Its activities included facilitating the merger of GEC and AEI in 1966 and of the merger of that enlarged entity with English Electric in 1968. [3] It also facilitated the merger of British Motor Corporation with Leyland Motors in 1968 [3] and the merger of RHP, a ball bearing manufacturer, with Ransome & Marles in 1969. [4] It was wound up by the Heath ministry in 1970. [5] The Chairman throughout most of its life was Sir Frank Kearton. [6]