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European Community Industrial Grants

Volume 983: debated on Wednesday 23 April 1980

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asked the Secretary of State for Scotland if he will list the names of companies in Scotland which qualified for and received from Brussels the 50 per cent. European Economic Community industrial grant in the years 1978 and 1979, together with the nature of the project and the amounts which were paid.

It is not the practice for aid received for industrial projects under the European regional development fund to be passed on to the companies concerned. In accordance with the governing Community regulation, and recognising that the firms concerned have all necessarily already received national regional aid, grants received from the fund for these projects are retained by the Exchequer as partial reimbursement of expenditure on national regional industrial policy.