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Regional Development

Volume 892: debated on Friday 23 May 1975

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asked the Secretary of State for Industry (1) what percentage proportion of total United Kingdom regional aid expenditure was paid to firms operating in Wales in each year 1964 to 1974;(2) what was the total amount of regional aid from all Exchequer sources expressed in financial terms paid to firms operating in Wales in each year 1964 to 1974.

, pursuant to his reply [Official Report, 19th May 1975; Vol. 892, c. 251], gave the following information:Following are the figures:

Total Regional AidAid to firms in WalesAid to firms in Wales as percentage of total
1964–6527·00·21
1965–6620·0-1·0
1966–6737·02·98
1967–68184·824·213
1968–69217·438·418
1969–70251·542·117
1970–71277·446·317
1971–72247·341·617
1972–73239·538·116
1973–74316·349·816
1974–75349·555·616
NOTES:
(1) The figures exclude assistance to Public Corporations. They include expenditure under the following programmes: provision of Government factories, regional employment premium, loans and grants under the Local Employment Acts and section 7 of the Industry Act 1972, regional development grants and the regional differential under the investment grants scheme.
(2) Regional assistance in Northern Ireland operates under separate arrangements tom the rest of the United Kingdom and has therefore been excluded from the totals in the left-hand column.
(3) The negative figure in 1965–66 is due to sales and loan repayments exceeding new assistance in that year.
(4) Exact figures on a regional basis are not available for the investment grants regional differential. This has had to be estimated, and the totals should therefore be treated as approximate.
(5) Assistance over the period to the Anglesey Aluminium Smelter scheme—£32·4 million—has been excluded, since this is not specifically regional aid.