HC Deb 06 July 1970 vol 803 c302
9. Mr. William Hamilton

asked the Minister of Technology if he will take steps to reduce the payment of public money to private industry in the development areas.

Mr. Ridley

As was stated in the Gracious Speech, we attach the greatest importance to promoting an effective regional development policy.

Mr. Hamilton

Is the hon. Gentleman now saying that the Government intend to cut public expenditure in the development areas? Would he give a categorical answer about underwriting U.C.S. on the Clyde?

Mr. Ridley

We intend to foster regional development by getting the greatest possible value for money.

Mr. Emery

In order to achieve that policy, will my hon. Friend ensure that the infrastructure in development areas is that which has first priority in being able to ensure that industry is attracted to the areas which require it?

Mr. Ridley

There is certainly very strong evidence that, where some infrastructure has been provided, it has helped to develop the region. We will certainly continue to look at that.

Mr. Benn

When does the hon. Gentleman expect the review of regional policy to be completed, in view of the fact that his statement that it is to be completely reviewed will shake the confidence of industry in future development in development areas?

Mr. Ridley

The right hon. Gentleman knows that we have been in office for 10 days. I hope that he will give us a little longer.