§ Mr. Sedgemore
asked the Chancellor of the Exchequer what proportion of its total funds he proposes to advise Finance for Industry to invest in manufacturing industry.
§ Mr. Dell
The increase in the resources which Finance for Industry will be able to make available in the form of medium-term loans was arranged with a view to increasing investment and hence the creation of jobs in productive industry. The distribution of these64W resources between various sectors of industry and commerce will depend on the commercial judgement of Finance for Industry and the projects put forward by individual companies.