HC Deb 11 December 1968 vol 775 c165W
121. Mr. Lipton

asked the Chancellor of the Exchequer under what headings and by what amounts private industry has been subsidised out of public funds in the financial year 1967–68, besides the £315 million paid in investment grants.

Mr. Taverne

Subsidies and grants paid to private industry in Great Britain in 1967–68, excluding £300 million in investment grants, amounted to £200 million. Of this total £130 million was in respect of S.E.T. additional payments; £35 million in respect of R.E.P.: and £23 million for the promotion of local employment Development Areas.