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Investment Grants And Allowances

Volume 830: debated on Wednesday 2 February 1972

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asked the Secretary of State for Trade and Industry what was the total amount of investment grant paid by Her Majesty's Government to industrialists in Wales in the first half of 1970; and what was the total amount of investment allowance allowed to Welsh industrialists in the first half of 1971.

Investment grant paid to industrialists in Wales between 1st January and 30th June, 1970, amounted to £16·4 million. I understand from my right hon. Friend, the Chancellor of the Exchequer, that a figure of the comparable amount of investment allowance made in the first half of 1971 is not readily available.