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Product And Process Development Scheme

Volume 23: debated on Tuesday 4 May 1982

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asked the Secretary of State for Industry (1) whether he will make further provision for the product and process development scheme;(2) how much money has been made available for the product and process development scheme in each period of six months since its inception; and what are his proposals for the future funding of that scheme.

Assistance offered under the product and process development scheme since its inception is as follows:

PeriodAssistance OfferedNumber of Projects
(£ million)
April 78—September 787·20877
October 78—March 7919·229126
April 79—September 7910·84990
October 79—March 8011·84879
April 80—September 801·18339
October 80—March 8121·65595
April 81—September 8125·233151
October 81—March 8238·825177
The scheme does not have a set financial limit. Funds are allocated annually in accordance with public expenditure provisions. As announced in the Budget innovation package, support for innovation, which includes product and process development, is being increased over the next three years.