Industry Act 1975
Public General Act of Parliament of the United Kingdom

The Industry Act 1975 (c. 68) is an act of the Parliament of the United Kingdom passed by Harold Wilson's Labour government. The main purpose of the act was to establish the National Enterprise Board (NEB).
Background
The Labour Party manifesto for the October 1974 general election stated:
A new and urgent Industry Act will provide for a system of Planning Agreements between the Government and key companies to ensure that the plans of those companies are in harmony with national needs and objectives and that Government financial assistance is deployed where it will be most effectively used. Wherever we give direct aid to a company out of public funds we shall reserve the right to take a proportionate share of the ownership of the company; and wherever possible this public support will be channelled through the Planning Agreements System.
These ideas were inspired by the writings of the socialist economist Stuart Holland and gave impetus to the growing desire amongst Labour's left-wing to fulfil the promise contained in Clause IV of the Party's constitution for social ownership of the economy.
Notes
References
Ben Pimlott, Harold Wilson (London: HarperCollins, 1992).
Further reading
Alan Budd, The Politics of Economic Planning (Manchester: Manchester University Press, 1978).
Michael Hatfield, The House the Left Built: Inside Labour Policy Making, 1970-75 (London: Victor Gollancz, 1978).
Mark Wickham-Jones, Economic Strategy and the Labour Party: Politics and Policy-Making, 1970-83 (London: Palgrave Macmillan, 1996).
The public source identifies “Industry Act 1975” as public General Act of Parliament of the United Kingdom. This brief keeps that definition visible, then builds a research path around Industry, Public and General.
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Contemporary correspondence, administrative files and participant testimony can test how later narratives organized the event or institution. The source revision retrieved here is dated Jul 21, 2026. The linked authority identifier is Q17109524. 1 of 1 selected statements include explicit references; 0 carry qualifiers and 0 use preferred rank. The first chronological checks are 1975, 1974, 1992 and 1978.
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This entry incorporates text from “Industry Act 1975” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.