HC Deb 19 November 1973 vol 864 c304W
52. Mr. Bishop

asked the Secretary of State for Trade and Industry what discussions he has had with Japanese ball-bearing industry representatives or with Japanese Ministers regarding the establishment of Japanese ball-bearing manufacturing facilities in Great Britain; whether it is his policy to give financial or other aid; and if he will make a statement.

Mr. Anthony Grant

A Japanese company considering the manufacture of ball-bearings in Western Europe has consulted my Department about the possibility of setting up a plant in the United Kingdom. The hope was expressed to the company that, subject to certain assurances, the project would come to the United Kingdom. If this proves to be the company's decision, and if it is located in one of the assisted areas, the project would qualify for the appropriate aid under the Industry Act in the same way as would any similar investment whether British or foreign.