HC Deb 21 April 1975 vol 890 cc201-2W
30. Mr. Radice

asked the Secretary of State for Industry if he is satisfied with the state of industry in the Northern Region.

Mr. Gregor Mackenzie

Regional assistance is designed to improve the state of industry in the assisted areas. We are seeking powers in the Industry Bill to

APPLICATIONS FOR ASSISTANCE IN THE FORM OF GRANT OR LOAN UNDER THE INDUSTRY ACT (1972) APPROVED IN THE PERIOD 1ST JANUARY 1975–31st MARCH 1975
Loans Amount Grants Amount Total Amount
£ £ £
Regional development grants … N.A N.A. 16,685 62,983,000 16,685 62,983,000
Regional selective assistance (Section 7) … 42 16,830,000 167 7,097,000 209 23,927,000
Wool textile scheme (Section 8) … N.A. N.A. 28 1,100,000 28 1,100,000
Shipbuilding construction grants (Section 11) … N.A. N.A. 34 4,168,756 34 4,168,756
Total … 42 16,830,000 16,914 75,348,756 16,956 92,178,756
Notes:
1. The number of applications approved relates to qualifying premises in the case of regional development grants, and to companies in the case of other schemes.
2. No equity investment was approved during the period.

reinforce these measures. In addition, my right hon. Friend the Chancellor last week announced special schemes to encourage firms to bring forward certain categories of investment, and to help certain industries with modernisation plans.