§ Mr. Brayasked the Secretary of State for Trade and Industry if he will estimate the cost effectiveness of the £197,600 paid to the National Wool Textile Export Corporation in the year ended 31st March, 1971, in particular relation to the increase in real value of wool textile exports within the same period.
§ Mr. RidleyNo such estimate can be given. The export performance of the wool textile industry is influenced by many factors, including some outside the control of the industry. No direct relationship between expenditure on export promotion from the funds made available to the National Wool Textile Export Corporation and the value of wool textile exports can be established. The Corporation's funds are all contributed by the industry itself.