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Corby

Volume 978: debated on Wednesday 13 February 1980

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asked the Secretary of State for Industry if he will undertake that Her Majesty's Government will provide matching finance to the level of any grants that may be negotiated with the European Coal and Steel Community to alleviate the economic situation that will arise in Corby new town subsequent to the closure of the British Steel Corporation's iron and steel works.

Readaptation benefits, of which the European Coal and Steel Community pays up to half the costs, are the only grants available from the European Coal and Steel Community which require matching finance. This is provided by the Government under the statutory iron and steel employees readaptation benefits scheme.