HC Deb 25 April 1972 vol 835 c244W
42. Mr. Douglas

asked the Secretary of State for Trade and Industry what he estimates to be the differential effects of investment grants between development, special development, intermediate and non-development areas on the basis of £100 invested in plant and machinery.

Mr. Chataway

For investment grants, on a discounted basis the figures are nil in non-development areas and Intermediate areas, and between 12.8 and 13.7 per £100 invested in both development and special development areas, assuming corporation tax at 40 per cent.