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Government Aid

Volume 890: debated on Monday 21 April 1975

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asked the Secretary of State for Industry for how many companies he has approved, since 1st January 1975, aid under the Industry Act 1972; and how many involved grant, loan and equity investment, respectively, giving the sums involved in each category.

In general, records of assistance are not kept on a company basis. But in the period 1st January 1975 to 31st March 1975, 237 applications to a total value of £24 million were approved for loans and grants under Part II of the Industry Act, and 34 applications for grants to a total value of £4·2 million under Part III. 16,685 applications for regional development grants were cleared, involving a total grant payment of £63 million. Full details are: