§ 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.