§ 24. Mr. Bruce-Gardyne
asked the President of the Board of Trade to what extent the entitlement of companies to receipt of industrial development grant is related to the expected number of jobs to be created by the investment to which the grant relates.
§ Mr. Dell
In considering assistance under the Local Employment Acts the Board of Trade are required to have regard to the relationship between the expenditure involved and the employment likely to be provided.
It is not a condition of investment grants under the Industrial Development Act that the investment must create additional employment, though of course it often does.
§ Mr. Bruce-Gardyne
Has the hon. Gentleman noted reports that taxpayers' subsidies to the projected American petrochemical complex at Invergordon may work out at £176,000 for every job created? Is this what he described earlier as an example of the effectiveness of the investment grant system in encouraging industrial development?
§ Mr. Maclennan
Will my hon. Friend note that the suggestion being made by 1422 the Opposition, that this development would not be welcomed, will be rebutted strenuously and energetically throughout the Highlands?