§ Mr. DalyellTo ask the President of the Board of Trade what terms apply to assistance from the DTI overseas project fund to studies by United Kingdom firms directed to securing contracts abroad in South America.
§ Mr. NeedhamThe overseas projects fund is available to assist United Kingdom companies with the costs of pursuing major projects overseas. The fund can help meet the costs of feasibility studies, consultancies and other pre-contractual activities with the object of increasing the number of contracts United Kingdom companies can pursue and win. The maximum amount of assistance offered is 50 per cent. of the costs involved. Where a contract is won with its help, overseas projects fund assistance is repayable.