HC Deb 31 July 1974 vol 878 c366W
Mr. Mudd

asked the Secretary of State for Industry if he will state for the South-West and for Cornwall the total amount of financial assistance made available, respectively, in both grants and loans to companies under Section 7 of the Industry Act, the number of companies respectively aided and the estimated number of jobs saved and created by such assistance since the implementation of the Act.

Mr. Heffer

Up to 25th July 1974 loans totalling £1,375,600 and grants totalling £439,700 had been offered respectively to 12 and 24 companies in the South-West assisted area under Section 7 of the Industry Act. The projects assisted are estimated to cost in total about £15 million and to give rise to the creation of over 3,000 new jobs and the safeguarding of a further 300.