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Mr. Tom King
asked the Secretary of State for Industry what is the latest level of expenditure already made and promised under Section 8 of the Industry Act 1972.
Mr. Gregor Mackenzie
As at 1st October 1975 offers of assistance to projects paid or outstanding under Section 8 of the Industry Act 1972 amounted to £32 million. In addition, guarantees were in force with a maximum contingent liability of £120 million.Expenditure under the Wool Textile Industry Scheme amounted to £4·8 million. No expenditure has so far been incurred under the other industry schemes announced recently.
In addition, the Government have promised further assistance to Alfred Herbert and British Leyland, though no commitments have been entered into.