HC Deb 03 July 1979 vol 969 cc536-7W
Mr. Wilkinson

asked the Secretary of State for Industry whether he will set a financial target for the British Steel Corporation.

Sir Keith Joseph

I have set the Corporation the target of operating at a profit in the 1980–81 financial year after providing for depreciation and interest. To reinforce this target, the cash limit for 1980–81 will be set at a level intended with internally generated funds to cover fixed investment and other essential capital

Expenditure (£'000)
(i) Northern Region (ii) Great Britain (i) as a percentage of (ii)
Regional development grants (*) 103.2 303.1 34.0
Regional selective assistance (†) 9.5 43.8 21.7
Selective financial assistance (‡) 2.5 50.9 4.9