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Process Machinery (Investment Grants)

Volume 22: debated on Friday 30 April 1982

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asked the Secretary of State for Industry whether he will make provision for an investment grant against the purchase of process machinery; and

1980 and 1981 Manufacturing project investment decisions by foreign owned companies known to IBB In the following table: Projects—includes first time investments, expansions, joint ventures and takeovers Jobs—represents long terms projections of employment
Country of Origin
U.S.A.West GermanyJapanCanadaSwitzerlandSwedenNetherlandsFranceDenmarkNorwayBelgiumFinlandRest of the WorldTotals
North East
Projects114123115230
Jobs1,74345992011065252541503,726
North West (including Cumbria)
Projects87321111125
Jobs9123121,098246070502,526
Yorkshire and Humberside
Projects932*½3*11123
Jobs5852238111499200141,028
West Midlands
Projects243110
Jobs250541,2002001,704
East Midlands
Projects3111*2*½1112
Jobs861651819026306035466
South West
Projects9112114
Jobs2,2573004503,007
London and South East (including East Anglia)
Projects81411412111337
Jobs3242994001203415094283501,799
Northern Ireland
Projects19361433
Jobs4,30316660831975,277
Scotland
Projects393232321257
Jobs8,4102106792936430122510410,286
Wales
Projects925434111333
Jobs1.073708503,36541913635172966,261
Totals
Projects1174211131219169673316274
Jobs19,9431,6082,2344,8121,7378271,3031,469392285110631,29736,080
* Includes a joint venture between two foreign companies.

whether he will consider making such grant on a two-tiered basis, namely 40 per cent. for British machines and 15 per cent. for imported machines.

I have no plans to add to the existing investment allowances and other schemes of industrial assistance for which process machinery may be eligible.