§ Mr. Gryllsasked the Secretary of State for Scotland whether he will make a statement on whether he expects the Scottish Development Agency to reach the average minimum rate of return on its industrial investments in 1980–81; and whether it is his intention to allow the Scottish Development Agency to continue to make further industrial investment in private sector companies.
§ Mr. Alexander FletcherThe whole question of the target rate of return for the Agency which was set by the previous Government is to be reviewed, following the current revision of the Agency's industrial investment guidelines. My right hon. Friend is therefore unable to make a statement at this stage. The Agency will continue to be able to make suitable investments which support its major functions and for which appropriate private sector finance is not available.