§ Mr. Hall-Davisasked the Secretary of State for Industry what was the value of development grants paid in respect of plant and machinery and buildings, respectively, in each economic region for each of the last five 12-month periods for which figures are available; and what were the rates of grant payable within the five years.
§ Mr. CryerThe value of regional development grants paid in respect of plant and machinery and buildings and works in each economic region for the financial years 1972–73 to 1975–76 and in the nine months April to December 1976 are as follows:
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(£'000) Period Plant and machinery Building and works Total plant and machinery building and works East Midlands— 1972–73 … … … … … … — 47 47 1973–74 … … … … … … — 1,340 1,340 1974–75 … … … … … … — 3,190 3,190 1975–76 … … … … … … — 1,408 1,408 9 months April-December 1976 … … … — 894 894 Total … … … … … … — 6,879 6,879 South-West— 1972–73 … … … … … … 86 37 123 1973–74 … … … … … … 1,700 531 2,231 1974–75 … … … … … … 3,905 1,089 4,994 1975–76 … … … … … … 3,457 1,267 4,724 9 months April-December 1976 … … … 3,074 918 3,992 Total … … … … … … 12,222 3,842 16,064 West Midlands— 1972–73 … … … … … … — 11 11 1973–74 … … … … … … — 395 395 1974–75 … … … … … … — 1,155 1,155 1975–76 … … … … … … — 470 470 9 months April-December 1976 … … … — 300 300 Total … … … … … … — 2,331 2,331 North-West— 1972–73 … … … … … … 204 77 281 1973–74 … … … … … … 11,176 4,908 16,084 1974–75 … … … … … … 28,866 11,870 40,736 1975–76 … … … … … … 30,829 17,078 47,907 9 months April-December 1976 … … … 26,423 14,596 41,019 Total … … … … … … 97,498 48,529 146,027 Grand Total … … … … … 693,460 252,941 946,401 During this period the rate of grant was 20 per cent. in the development, intermediate and derelict land clearance areas and 22 per cent. in the special development areas. Regional development grants are not payable in respect of plant and machinery in the intermediate and derelict land clearance areas.