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Investment Loans And Grants

Volume 15: debated on Wednesday 16 December 1981

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asked the Secretary of State for Industry whether he will publish in the Official Report a table showing how much was paid out in each of the past three years, to (a) manufacturing and (b) non-manufacturing industry by way of loans and grants, respectively, for investment, distinguishing as appropriate between various categories.

Financial assistance has been made available to manufacturing and non-manufacturing industries in Great Britain under parts I and II of the Industry Act 1972 in each of the last three years as follows:

Part I Payments of regional development grants
Manufacturing £ millionNon-manufacturing £ million
1978–79388·928·1
1979–80318·911·9
1980–81484·56·1
Part II Section 7: Payments of regional selective assistance
Grants £ millionLoans £ millionGrants £ millionLoans £ million
1978–7988·94·83·5
1979–8068·51·03·9
1980–8164·30·16·1
Part II Section 8: Payment of selective financial assistance
Grants £ millionLoans £ millionGrants £ millionLoans £ million
1978–7959·63·7
1979–8068·95·1
1980–8169·54·3
Regional development grants ceased to be available to non-manufacturing industries from 1 April 1977. Loans under section 7 were not offered after 17 July 1979 and the sectoral and investment schemes under section 8 had no provision for loans.