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Regional Selective Assistance

Volume 270: debated on Tuesday 30 January 1996

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To ask the Secretary of State for Wales if he will list all (a) loans, (b) grants and (c) other payments in excess of £100,000 made in each of the last five years by the Welsh Office to (a) the Tesco company and (b) other companies; and if he will make a statement. [12719]

The Welsh Office made an offer of regional selective assistance of £2 million in 1989 to the Tesco company in respect of a project to locate its administration centre in Cardiff. In 1992, an offer of £3.8 million was made to encourage the company to locate a distribution centre in Magor. Details of the amounts paid against these offers are commercially confidential.The Welsh Office has made no other loans or payments to the company.Details of regional selective assistance payments to other companies are also covered by commercial confidentiality. Total payments of RSA made in respect of projects in Wales in the last five years are shown in the table.

£ million
RSA payments £ million (Gross)
1999–9131.0
1991–9255.1
1992–9361.7
1993–9450.8
1994–9556.9

To ask the Secretary of State for Wales if he will list the expenditure on regional selective assistance offers accepted by companies in (a) 1991–92, (b) 1992–93, (c) 1993–94 and (d) 1994–95, the proportion of regional selective assistance expenditure on foreign-owned firms and regional selective assistance expenditure per employee in manufacturing. [12702]

The information is given in the following table.

1991–921992–931993–941994–95
Value of RSA
offers£76.9£72.594.638.2
acceptedmillionmillionmillionmillion
Percentage to
foreign-owned
firms55.742.258.233.0
Grant per job
in
manufacturing
projects£5,764£5,784£7,361£6,031