HC Deb 21 November 1983 vol 49 cc37-8W
Mrs. Renee Short

asked the Secretary of State for Trade and Industry how much Government aid has been received by companies in the west midlands region in 1983; and what form this aid has taken.

Net Rates of Return on Capital Employed*
per cent.
Current Replacement Costs† Historic Costs‡
All Industrial and Commercial Companies Manufacturing Companies All Industrial and Commercial Companies Manufacturing Companies
1960 13.5 13.5 18.9 18.2
1961 11.6 11.1 16.4 15.4
1962 10.4 9.7 14.6 13.5
1963 11.4 10.7 15.7 14.4
1964 12.2 11.2 16.6 15.4
1964 11.0 9.8 15.3 13.9
1966 9.7 8.6 13.8 12.4
1967 9.8 8.7 13.1 11.7
1968 10.0 8.5 14.5 13.0
1969 9.8 8.9 14.7 13.3
1970 8.6 7.6 14.3 12.6
1971 8.8 6.5 15.1 12.9
1972 9.3 7.8 16.8 14.8
1973 8.8 8.1 19.5 18.1
1974 5.4 4.4 19.4 19.1
1975 4.2 3.0 16.8 15.9
1976 4.4 3.4 18.7 18.5
1977 7.3 6.0 21.6 20.3
1978 8.1 6.5 22.0 20.1
1979 7.3 4.1 23.9 19.0
1980 6.9 3.8 21.6 15.9
1981 7.2 3.5 21.7 15.0
1982 8.0 3.6 21.4 14.3

Notes:

* Based on national accounts data; before interest and tax payments. The figures measure the return on physical assets regardless of how they are financed.

† Gross trading profits from United Kingdom operations, less stock appreciation plus rent received, less capital consumption at current replacement costs as a percentage of the net capital stock of fixed assets at replacement cost (excluding land) plus book value of stocks in United Kingdom. This does not correspond exactly to the SSAP 16 definition in that no allowance is made for monetary working capital but this is unlikely to make a substantial

Mr. Butcher

The Government offered assistance worth £31.5 million under section 5 of the Science and Technology Act 1965 and section 8 of the Industrial Development Act 1982 to companies based in the west midlands between 1 January 1983 and 30 September [983 to encourage capital investment and innovation. In addition, the loan guarantee scheme facilitated bank lending of £11.9 million to small firms in the region during that period. We also provide a wide range of consultancy, training and advisory services, from which many west midlands firms have benefited.