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30.
Mr. Radice
asked the Secretary of State for Industry if he is satisfied with the state of industry in the Northern Region.
Mr. Gregor Mackenzie
Regional assistance is designed to improve the state of industry in the assisted areas. We are seeking powers in the Industry Bill to
| APPLICATIONS FOR ASSISTANCE IN THE FORM OF GRANT OR LOAN UNDER THE INDUSTRY ACT (1972) APPROVED IN THE PERIOD 1ST JANUARY 1975–31st MARCH 1975 | |||||||
| Loans | Amount | Grants | Amount | Total | Amount | ||
| £ | £ | £ | |||||
| Regional development grants | … | N.A | N.A. | 16,685 | 62,983,000 | 16,685 | 62,983,000 |
| Regional selective assistance (Section 7) | … | 42 | 16,830,000 | 167 | 7,097,000 | 209 | 23,927,000 |
| Wool textile scheme (Section 8) | … | N.A. | N.A. | 28 | 1,100,000 | 28 | 1,100,000 |
| Shipbuilding construction grants (Section 11) | … | N.A. | N.A. | 34 | 4,168,756 | 34 | 4,168,756 |
| Total | … | 42 | 16,830,000 | 16,914 | 75,348,756 | 16,956 | 92,178,756 |
| Notes: | |||||||
| 1. The number of applications approved relates to qualifying premises in the case of regional development grants, and to companies in the case of other schemes. | |||||||
| 2. No equity investment was approved during the period. | |||||||
reinforce these measures. In addition, my right hon. Friend the Chancellor last week announced special schemes to encourage firms to bring forward certain categories of investment, and to help certain industries with modernisation plans.