British Ship Research Association (Grant Terms)

HC Deb 21 January 1964 vol 687 c906

27. The Earl of Dalkeith

asked the Lord President of the Council and Minister for Science whether new grant terms have now been agreed between the Department of Scientific and Industrial Research and the British Ship Research Association; and whether he will make a statement.

Mr. Hogg

New and improved grant terms for the five years beginning 1st April, 1963, have been offered. Provided industry raises a minimum grant-earning income of £600,000 a year, the new terms provide grant aid of 50 per cent. of industrial income up to £1,000,000; that is, a maximum of £500,000 a year. In addition, there will be a grant of £1 for every £1 contributed by the shipowners and ship managers, subject to a maximum of £200,000 a year.

The Earl of Dalkeith

How do these new terms compare with the old ones?

Mr. Hogg

As compared with £200,000 a year under the old terms, the new terms permit a maximum total grant of £700,000 a year.