What are the terms on that bail-out money? Do they have to get approval how do they spend it? Because I can see that it isn't going to get very popular to save a f1 team with goverment funding...
Needless to say, the Guv don't do much detail. It is capped at about 200m per firm. The phrase, 'to encourage green technologies' was bandied around. Along with easing credit to help new car buyers. (Read finance companies.)
Agree with F1R that the UK does have a core of high-tech engineering skills that's worth investment and protection. Bailing Honda would be at the expense of a wider plan.