§ Mr. Darling
asked the President of the Board of Trade whether, following the recent Budget decision on Selective Employment Tax, he has reconsidered his policy on the payment of investment grants on equipment provided for use in the processing of scrap metal and waste paper.
§ Mr. Dell
Yes. Although decisions taken under the S.E.T. and investment grants schemes do not always follow the same pattern, my right hon. Friend has decided that capital expenditure incurred86W in the provision of new plant and machinery for use in certain processes carried on by the scrap metal and waste paper industries will, subject to the normal conditions, be admissible for investment grant. The processes concerned are processes for the production from scrap metal of material to a specification required for use in further manufacture, and processes for the production from waste paper or waste paper board of material to a specification required for making pulp. Investment grants will not be available to firms engaged only in sorting and merchanting scrap metal or waste paper. Arrangements will be discussed by the Board of Trade with the industries concerned.