Production Engineering Research Association

HC Deb 13 March 1973 vol 852 cc331-2W

Mr. Patrick McNair-Wilson

asked the Secretary of State for Trade and Industry if he will give details of the financial support given annually from public funds to the Production Engineering Research Association.

Mr. Onslow

For the period 1st January 1973 to 31st December 1974, the Department will make an annual grant of 50 per cent. of the income raised by the association from United Kingdom industry for co-operative work, provided that a minimum of £350,000 is raised in each year and subject to a maximum total annual grant of £220,000. In the years 1967–72, the association has received a grant ranging between £165,000 and about £195,000.