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Mr. William Hamilton
asked the Secretary of State for Industry what is the total sum of public money paid or promised to private companies in the last 12 months; and if he will list the companies and sums involved in as much detail as possible, together with the periods over which the money is payable.
Mr. Gregor Mackenzie
Assistance to private companies by the Department of Industry in the 12 months to 30th April 1975 was as follows:
£ million | |
Regional Development Grants | 190·2 |
Provision of land and buildings | 19·2 |
Selective Assistance (S7 of the Industry Act) | 64·0 |
Residual expenditure under the Local Employment Acts | 18·9 |
R. & D. contracts with industry | 1·0 |
Technological and Industrial Sponsorship | 3·1 |
Aircraft and Aeroengine R. & D. | 4·3 |
Concorde | 76·9 |
RB 211 engine | 108·6 |
Other aircraft and aeroengine projects | 32·2 |
Space Technology | 1·0 |
International Space Programme Selective Assistance to individual industries, firms and undertakings | 19·6 |
Refinancing of home shipbuilding | 131·8 |
Assistance to Shipbuilding Industry | 48·7 |
Other Support Services | 3·2 |
Investment Grants | 91·3 |
Total | 817·8 |