HC Deb 18 May 1978 vol 950 c267W
Mr. Kenneth Clarke

asked the Secretary of State for Industry why he has raised the limits on investment without the approval of the Secretary of State by the National Research Development Corporation by such a substantial amount as from £20,000 to £250,000.

Mr. Les Huckfield

Following a request by the Corporation, based on their experience of investing successfully in the development or exploitation of inventions, it was agreed that an upper limit of £250,000 was now the appropriate figure.