HC Deb 06 March 1975 vol 887 cc493-4W
Mr. Stanley

asked the Secretary of State for Energy what is the total amount of credit drawn down or committed under the offshore credit scheme.

Mr. John Smith

It is not possible to give the total amount of credit drawn down or committed under the Offshore Supplies Interest Relief Grant Scheme as only a small number of the companies involved have so far advised my Department of their borrowings to finance developments.

Mr. Stanley

asked the Secretary of State for Energy whether the entire sum of £33 million currently committed to the offshore credit scheme comprises interest relief grants on the credit obtained.

Mr. John Smith

The sum of £33 million is an estimate of the expenditure which may be paid by way of grants under the Offshore Supplies Interest Relief Grant Scheme during the financial years 1974–75 to 1978–79.