Private Companies and Workers' Co-operatives (Assistance)

HC Deb 31 July 1974 vol 878 c369W

Mr. Kinnock

asked the Secretary of State for Industry what new commitments his Department has undertaken to provide financial assistance for private companies or workers co-operatives since March 1974; and, in each case, what was the sum involved, what future assistance has been promised, which concerns were involved and what methods of payment have been or are to be adopted.

Mr. Heffer

The following offers of assistance to private companies have been made since March 1974 under Sections 7 and 8 of the Industry Act:

					£ million
Section 7	…	…	…	…	20.6
Section 8	…	…	…	…	6.9

In addition the following offers have been made to workers' co-operatives:

		£ million
Meriden	…	4.95
Scottish News Enterprises	…	1.75