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Special Areas Reconstruction Association

Volume 341: debated on Thursday 10 November 1938

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71.

asked the Financial Secretary to the Treasury the total sum granted by the Special Areas Reconstruction Association in each of the Special Areas from the commencement up to date; how many new factories have been established by their existence; and the total fresh employment provided in each area, respectively?

As the answer contains a number of figures I will, with the hon. Member's permission, circulate it in the OFFICIAL REPORT.

Following is the answer:

The following table gives the total amounts which the Special Areas Reconstruction Association has agreed to lend in the various Special Areas (including loans to existing concerns), together with the numbers of new businesses involved; some of the factories are, of course, not yet completed. It is not possible to estimate accurately the new employment resulting from the association's work:

Amount of loans agreed (for new and existing business).Number of new business.
£
Durham and Tyneside.273,60029
South Wales231,80025
West Cumberland87,6508
Scotland221,75026
Totals£814,80088