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Job Creation

Volume 904: debated on Monday 5 January 1976

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asked the Secretary of State for Industry if he will estimate the cost of creating a new job in the development areas of the United Kingdom.

The average cost of new jobs in the development and special development areas of Great Britain expected to be created by projects offered assistance under Section 7 of the Industry Act between 1st April 1976 and 30th November 1976 is estimated at £13,300, 43 per cent. of which will be contributed from public sector funds including regional development grants under Part 1 of the Industry Act as well as selective assistance under Section 7 and assistance from other public sector sources.