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Devon And Cornwall Development Company

Volume 201: debated on Wednesday 15 January 1992

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To ask the Secretary of State for Trade and Industry what support his Department has given to the Devon and Cornwall development company.

The Department has provided no financial support for the DCDC. However, my regional director has worked closely with it in its efforts to bring together the public and private sector throughout Devon and Cornwall.

The Minister should realise that it says everything that the Government should put in no financial support for the Devon and Cornwall development company. Many involved with its setting up feel deeply unhappy that they were misled when it was set up because the Government encouraged them and they believed that they would get direct financial support. Given the current job losses in the country, will the Government reconsider their appalling position?

The hon. Gentleman is wrong. This says nothing about the Government's industrial strategy, because although the Government give nothing to the DCDC, they give more than £500,000 to the Devon and Cornwall development bureau, the inward investment bureau. The hon. Gentleman is also mistaken because he has ignored the fact that in the past three years alone, £10 million of Department of Trade and Industry money has gone to the assisted area in west Cornwall. We are fully committed to reinvigorating the economy of west Cornwall.