HC Deb 11 December 1979 vol 975 c539W
Mr. Alton

asked the Secretary of State for Industry how much public money has been paid to Meccano of Liverpool over the past five years; and how this has been used.

Mr. David Mitchell

[pursuant to his reply, 10 December 1979]: Details of Government assistance are normally confidential and published only with the company's agreement. However, following a recommendation of the Expenditure Committee, it has been our practice since 1974 to publish in "Trade and Industry" details of assistance offered to companies under section 7 of the Industry Act 1972.

In the period 31 November 1974 to 31 November 1979, Meccano Ltd. has been offered two section 7 grants. A grant of £37,000 was offered to the company in June 1975 in respect of an expansion project, of which £19,000 was paid. No further payments were made from this offer due to difficulties with the project. A further grant of £787,500 was offered to the company in March 1978 for a modernisation and job preservation project, of which £210,000 was paid. With the company's agreement, I can also disclose that payments of regional development grant amounting to £708,000 were made to Meccano Ltd. in the period since 1 October 1974 to 1 October 1979. In addition, I understand the company has received temporary employment subsidy amounting to £966,890 in the period 5 March 1977 to 5 August 1978.