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Mr. Grylls
asked the Secretary of State for Industry if he will list all payments made under Section 8 of the Industry Act 1972 from 1st March 1974 to 30th April 1977, listing payments to individual companies and payments under schemes of assistance.
Mr. Cryer
Payments under Section 8 of the Industry Act 1972 between 1st March 1974 and 30th April 1977 are as follows:
Individual Companies | Payments (£m) |
Norton Villiers Triumph | 0·275 |
Kearney & Trecker Marwin | 6·250 |
Meriden Co-operative | 4·954 |
Moira | 0·120 |
Automatic Oil Tools | 0·500 |
Cambridge Instruments Co. Ltd | 4·500 |
Salvesen Offshore Drilling | 0·490 |
Dri-Co | 0·500 |
Alfred Herbert | 26·200 |
Chrysler (UK) Ltd | 41·500* |
Seaforth Maritime | 0·950 |
British Leyland | 30·000 |
Drake & Cubitt Ltd | 0·598 |
Wolverhampton Industrial Engines | 0·200 |
Schemes of Assistance | |
Accelerated Project Scheme | 6·748 |
Offshore Supplies Interest Relief Grant Scheme | 6·165 |
Wool Textile (I) | 11·432 |
Clothing Industry | 0·320 |
Ferrous Foundry | 3·665 |
Machine Tools | 0·564 |
Paper and Board | 0·125 |
Poultry Meat | 0·063 |
* This figure represents payments made under clause 2(6) of the Agreement with Chrysler dated 5th January 1976. Additionally, certain advances in respect of the guaranteed loan have been made in accordance with clause 5 of the agreement. For confidentiality reasons I am not prepared to disclose the amount of the advances. |