§ Mr. Lomasasked the Secretary of State for the Environment what action he is taking to ensure that there will be increased levels of investments and improved economic performances in the Yorkshire and Humberside Region.
§ Mr. CryerI have been asked to reply.
The Government's industrial strategy is designed to improve industrial perform 80W ance throughout the United Kingdom. The industrial strategy is put into effect through some 40 sector working parties formed jointly between Government, trade unions and industry to work out areas of improvement necessary for increased industrial performance. The sectors covered by the SWPs include wool textiles, clothing, ferrous foundries, petrochemicals, and mining machinery, which crucially affect Yorkshire and Humberside. In addition, firms investing in Yorkshire and Humberside qualify for regional incentives. Qualifying firms also stand to benefit from the various schemes under Section 8 of the Industry Act to encourage investment in specific industries and the selective investment scheme. In addition 100 per cent. tax allowance is provided against profits for investment in plant and machinery, and Yorkshire and Humberside firms are able to take advantage of this.