94 Escort 16V Zetec ignition prob?

Hi all, got a prob with a 94 Escort 16V zetec engine. Whilst driving, the engine cut out and wouldn't start again. Although it turns over fine, there
isn't any ignition light? nor any spark at the plugs. the oil, handbrake & seatbelt lights are fine. Had a tip that the fusebox may be knackered so I've had a replacement fusebox fitted - still same, the fuses are fine, all wiring is intact and correctly joined, nothing loose anywhere. The immobiliser light comes on for approx 7 seconds then goes out and disconnecting it shows as multiple flashes - error. Without spending a fortune on an ageing beast has anyone any ideas as to where i could start please. thanks Jack
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