HC Deb 08 February 1967 vol 740 cc304-5W
75. Mr. Spriggs

asked the President of the Board of Trade at what stage of development a firm receives financial assistance after obtaining the final approval of his Department for retooling or development for the export trade in a development area; and if he will make a statement.

Mr. Darling

In the case of financial assistance under the Local Employment Acts to firms providing employment in development areas, once an offer has been made and accepted payment of grant is made on proof that expenditure has been incurred and loans are advanced against requirement. Investment grants will be payable initially 18 months after the provision by firms fo new machinery or plant.