§ Mr. MilburnTo ask the President of the Board of Trade how much in total his Department has failed to recover from companies defaulting on the terms of awards of regional selective assistance for each of the last 10 financial years; and if he will list the number of companies which defaulted in each year. [18669]
§ Mr. Greg Knight[holding answer 4 March 1997]: The amount that the Department has failed to recover in the last 10 financial years is:
Number of companies £000 1987–88 3 841 1988–89 19 620 1989–90 40 704 1990–91 55 1,287 1991–92 152 5,988 1992–93 181 9,025 1993–94 89 2,747 1994–95 54 2,543 1995–96 57 1,659 1996 to February 97 99 2,593 In total, this amounts to less than 3 per cent. of the total spend over the same period.
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