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Strathearn Audio

Volume 940: debated on Monday 28 November 1977

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asked the Secretary of State for Northern Ireland if he will list the grants made available to the Strathearn Audio firm from public funds; and on what dates they were made.

The Northern Ireland Department of Commerce has paid £284,059 in grants towards the cost of plant, machinery and equipment purchased by the company; of this amount £240,000 was paid on 14th July 1977 and £44,059 on 11th August 1977. Grants of £42,806 in respect of interest payments upon loan capital and of £133,875, designed to defray start-up costs and related to the average employment provided by the company, were paid on 13th October 1977. Financial assistance has also been provided to the company by the Northern Ireland Department of Manpower Services under its various training schemes during the period from 1974 to 1977 as follows:

Training on employers' premises scheme97,120
Special capitation scheme1,477
Management structure grant scheme45,953
NI training council bursary scheme875
Management consultancy fees26,500
In addition the company has received £63,607 from the European Social Fund.