HC Deb 15 May 1972 vol 837 cc22-3W
Mr. Dell

asked the Secretary of State for Trade and Industry to what elements in the new system of industrial and regional incentives his assurance regarding their duration applies.

Mr. Chataway

The intention is to maintain the new system of incentives described in the White Paper on Industrial and Regional Development. This includes free depreciation, as described by my right hon. Friend the Chancellor of the Exchequer in his Budget Statement, regional development grants under the powers provided for in Part I of the Industry Bill, and selective assistance under the powers provided for in Part II of the Bill.