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Financial Assistance

Volume 19: debated on Monday 1 March 1982

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asked the Secretary of State for Industry (1) what has been the total number and the total value of offers of regional assistance made to companies in (a) Merseyside and (b) the Birkenhead travel-to-work area for each year since 1979;(2) how many new firms and new jobs have been created as a result of offers of financial assistance received under section 7 of the Industry Act 1972 in

(a) Merseyside and (b) the Birkenhead travel-to-work area for each yea' since 1979.

It is not possible to provide the information precisely in the form requested without undue cost, and therefore details of regional development grants are excluded. But selective Financial Assistance has been offered under section 7 of the Industry Act 1972 as follows:

Number of offers made

Value of offers made £'000s

Number of new projects involved

Estimated employment arising from new projects

Merseyside SDA

197910522,1725129
19804613,3546333
1981217,47271,109

Birkenhead TTWA

1979162,826186
1980103,553277
198145,7841465