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Regional Development Grant

Volume 136: debated on Monday 27 June 1988

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17.

To ask the Secretary of State for Wales what have been the numbers of regional development grant applications in Wales made since January 1987; and what is the amount of investment and number of jobs connected with these applications.

Since January 1987, 3,940 regional development grant applications have been received. If the full potential of these applications is realised they will produce additional investment of almost £1,700 million and create 64,000 new jobs. Over the last 12 months of this period almost £2,000 million of potential investment has been associated with RDG and RSA applications, and I am delighted that so many firms have demonstrated their confidence in Wales and its economic revival.