§ Mr. Cronin
asked the President of the Board of Trade what is the total cost of investment grants per annum; and if he will give an estimate of how much of this is allowed by the Government for purchase of plant and machinery from abroad.
§ Mr. Dell
As my right hon. Friend the Chief Secretary to the Treasury said today in reply to the hon. Member for Nelson and Colne (Mr. Waddington), some£315 million was paid on investment grants in the financial year 1967–68. The current estimate for 1968–69 is£380 million (H.C. 126 of 21/2/68).
The information asked for in the second part of the Question is not available.