§ Mr. Wigleyasked the Secretary of State for Wales if he is satisfied with the amount of information which is divulged to applicants for financial assistance under the Industry Act 1972 when such applications are rejected, bearing in mind the need for the applicant to know where he is falling short of Government requirements in any future application.
§ Mr. Alec JonesYes.
§ Mr. Wigleyasked the Secretary of State for Wales whether, in the consideration of applications for financial assistance under the Industry Act 1972, it is always necessary for a company to sub-
406W
§ Mr. Wyn Robertsasked the Secretary of State for Wales what are the anticipated allocations for nursery education building projects and major projects in special schools in Wales for the year beginning 1st April 1977, compared with the current year's allocations and the previous year's.
§ Mr. Barry JonesThe allocations as announced to the local education authorities in Wales for specific projects at special schools for the years 1975–76, 1976–77 and 1977–78, together with the nursery allocations for the first two years, are shown in the following tables. The nursery allocations for 1977–78 have yet to be announced.
mit fully audited accounts for the latest financial year; and, if so, whether companies are informed of this requirement when making an application.
§ Mr. Alec JonesApplicants are required to provide their last available audited accounts. If these are not reasonably up to date, later draft accounts may be requested. These requirements are made known to applicants at the time of application.
§ Mr. Wigleyasked the Secretary of State for Wales whether, in consideration of applications for selective financial assistance under the Industry Act 1972, companies are required in all circumstances to show a profit in the first two years of operation.
§ Mr. Alec JonesNo.
§ Mr. Wigleyasked the Secretary of State for Wales what machinery he has set up to ensure that applicants for advance factories and selective assistance under the Industry Act 1972, who submit their case globally either to the Welsh Development Agency or to the Welsh Office, are given swift consideration by both bodies; and 407W if he is satisfied with the co-ordination between the two bodies in this matter.
§ Mr. Alec JonesI am satisfied that there is close collaboration between the Welsh Development Agency and the Industry Department of the Welsh Office in cases involving applications for assistance from both sources. The consideration of applications is carried out as rapidly as possible, consistent with the need for ensuring the proper use of public funds.