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Courtaulds Ltd

Volume 934: debated on Tuesday 28 June 1977

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asked the Secretary of State for Industry if any payment has been made to Courtaulds Ltd. in respect of the £750,000 interest relief grant for the Belmont weaving factory.

pursuant to his reply [Official Report, 27th June 1977; Vol. 933, c. 31], gave the following information:Payments of interest relief grant amounting in total to £450,000 were paid to Courtaulds in February 1975 and February 1976 in respect of the Belmont weaving factory.

asked the Secretary of State for Industry if any Government money paid to Courtaulds Ltd. in respect of their Skelmersdale factory has been recovered.

pursuant to his reply [Official Report, 27th June 1977; Vol. 933, c. 31], gave the following information:

industry scheme since the terms of the scheme were made more attractive in an attempt to encourage applicants in December 1976.

Since the terms of the scheme were improved in December 1976, £1,781,300 has been offered under the scheme towards the cost of 109 projects.