§ Mr. Peter Reesasked the Secretary of State for Trade and Industry what is the amount of grants and loans made to the latest available date under the Industry Act.
§ Mr. Anthony GrantThe greater part of the payments under the Industry Act 1972 are for the benefit of the assisted areas.
The figures of payments are as follows:
£ million Regional development grants under Part I—to 26th October 55 Selective financial assistance under Section 7—to 31st October— Loans 22.97 Grants 2.07 In addition, under Section 11 of the Act payments of construction grants up to 31st October amounted to £22 million.
The amounts advanced to the clearing banks to the same date under Section 10 503W of the Act in connection with arrangements agreed with them for the financing of home shipbuilding amounted to £73. 8 million.
Loans under Section 8 to 31st October totalled £950,000.