asked the Secretary of to State for Industry what amounts have been received under the Industry Act 1972 by Wales and by each of the English regions up to 31st March 1975.
The information is as follows:
| £ million | |
| Wales | 60·6 |
| East-Anglia | 0·7 |
| South-East | 17·8 |
| South-West | 9·9 |
| West Midland | 11·5 |
| East Midland | 5·5 |
| Yorkshire and Humberside | 26·0* |
| North-West | 90·7 |
| Northern | 143·7 |
| * Including £1 million shipbuilding construction grants omitted in error from the answer given on 29th January.—[Vol. 904, c. 335.] | |
asked the Secretary of State for Industry if he will up-date table 1 in the article "Annual Expenditure on Special Regional assistance to Industry in Great Britain 1960–61 to 1972–73" in the Economic Journal for December 1975, page 885, by giving estimates for 1973–74 and 1974–75; and whether he is satisfied that the figures given in the table for earlier years are accurate.
The figures in the table referred to are correctly quoted, except that I have not been able to establish the basis on which that for expenditure in 1972–73 under the Industry Act 1972 was prepared. The correct figure should be £17·961 million. Comparable figures for 1973–74 and 1974–75 are as follows:
£000
| ||||||||||||||
Local Employment Act
| Other Assistance
| |||||||||||||
Under Section 4 of the 1960 Act
| ||||||||||||||
Fiscal year
| Government Factory Building
| Loans
| Grants
| Operational Grants
| Building Grants
| Plant and Machinery Grants
| Free Depreciation
| Investment Grants
| Selective employment tax additional payments
| Regional employment premium
| Mainly recoverable expenditure
| Mainly non-recoverable expenditure
| Total expenditure
| Total Expenditure (1970 Prices) |
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9)* | (10) | (11) | (12)† | (13)‡ | (14) | (15) |
| 1973–74 | 12,752 | 8,207 | 897 | 5,320 | 33,824 | — | — | 29,534 | 300 | 106,800 | 20,959 | 176,675 | 341,733§ | 247,633 |
| 1974–75 | 19,203 | 364 | 628 | 4,268 | 17,578 | — | — | 15,473 | — | 155,700 | 19,567 | 193,647 | 506,677║ | 305,227 |
* The investment grant was calculated on the same basis as the figures quoted in table 1 of the article "Annual Expenditure on Special Regional Assistance to Industry in Great Britain 1960–61 to 1972–73" published in the Economic Journal for December 1975, i.e., 50 per cent. of the development area rate. | ||||||||||||||
| † Columns (2), (3) and (8). | ||||||||||||||
| ‡ Columns (4), (5), (6), (7), (9) (10) and (11). | ||||||||||||||
| § Including regional assistance under the Industry Act 1972 (£144·099 million). | ||||||||||||||
| ║ Including regional assistance under the Industry Act 1972 (£293·463 million). | ||||||||||||||