§ Mr. Stanleyasked the Secretary of State for Industry (1) whether £15 million represents the total of sums earmarked and payments due under the wool textile industry scheme and falling within the financial limit specified for Section 8 of the Industry Act 1972;
275W(2) if he will provide a breakdown of the £48 million committed to date under the wool textile industry scheme and the offshore credit scheme as indicated by the Minister of State, Department of Industry on 18th February (Official Report, c. 1268).
§ Mr. MeacherThe total sum committed under the wool textile scheme is £15 million of which £1.8 million has been paid up to the end of January. The other £33 million is the estimated amount of payments which will be made to assist eligible projects under the terms of the offshore credit scheme.