§ 87. Sir M. Galpernasked the Secretary of State for Scotland how many firms, in receipt of grants from Scottish Development corporations during the past 10 years, have closed down; and what was 270W the amount of public funds lost as a result of such closures.
§ Mr. RossNew town development corporations cannot give grants to firms. They can and do give loans to enable firms to provide their own premises, and also provide premises for firms on deferred purchase terms.
271WIn the past 10 years only one firm, Cadco Developments Limited, which was assisted by a Scottish new town development corporation in either of these ways has closed down. On the loss to public funds I would refer to the Answer I gave to my hon. Friend the Member for Fife, West (Mr. William Hamilton) on 30th November.—[Vol. 737, c. 106–108.]