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Government Aid

Volume 931: debated on Monday 9 May 1977

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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.

Payments under Section 8 of the Industry Act 1972 between 1st March 1974 and 30th April 1977 are as follows:

Individual CompaniesPayments (£m)
Norton Villiers Triumph0·275
Kearney & Trecker Marwin6·250
Meriden Co-operative4·954
Automatic Oil Tools0·500
Cambridge Instruments Co. Ltd4·500
Salvesen Offshore Drilling0·490
Alfred Herbert26·200
Chrysler (UK) Ltd41·500*
Seaforth Maritime0·950
British Leyland30·000
Drake & Cubitt Ltd0·598
Wolverhampton Industrial Engines0·200
Schemes of Assistance
Accelerated Project Scheme6·748
Offshore Supplies Interest Relief Grant Scheme6·165
Wool Textile (I)11·432
Clothing Industry0·320
Ferrous Foundry3·665
Machine Tools0·564
Paper and Board0·125
Poultry Meat0·063
* 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.