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Intermediate Assisted Area Grants

Volume 84: debated on Monday 28 October 1985

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asked the Secretary of State for Trade and Industry how many west midlands firms have benefited under the intermediate assisted area grant scheme to date, how many extra employees have been taken on as a result, and what is the average cost per new employee.

Since the designation of intermediate area status on 29 November 1984, 158 applications have been approved for regional selective assistance totalling £18·020 million towards projects costing £159·271 million in the west midlands. Of these approvals, some 148, with an offer value of £12·773 million, are for projects creating 4,711 new jobs.