§ Mr. William Hamiltonasked the Secretary of State for Industry what is the total sum of public money paid or promised to private companies in the last 12 months; and if he will list the companies and sums involved in as much detail as possible, together with the periods over which the money is payable.
§ Mr. Gregor MackenzieAssistance to private companies by the Department of Industry in the 12 months to 30th April 1975 was as follows:
£ million Regional Development Grants 190.2 Provision of land and buildings 19.2 Selective Assistance (S7 of the Industry Act) 64.0 Residual expenditure under the Local Employment Acts 18.9 R. & D. contracts with industry 1.0 Technological and Industrial Sponsorship 3.1 Aircraft and Aeroengine R. & D. 4.3 Concorde 76.9 RB 211 engine 108.6 Other aircraft and aeroengine projects 32.2 Space Technology 1.0 International Space Programme Selective Assistance to individual industries, firms and undertakings 19.6 Refinancing of home shipbuilding 131.8 Assistance to Shipbuilding Industry 48.7 Other Support Services 3.2 Investment Grants 91.3 Total 817.8 These totals include payments to Rolls-Royce (1971) Ltd. and Govan Ship builders, which are wholly Government-owned. I regret that details of assistance offered but not yet paid are not available.
Applications for assistance total well over 10,000 a year, and it is not possible to provide a breakdown by individual companies. It is, however, intended to publish offers of £10,000 or more under Section 7 of the Industry Act, and of 430W £25,000 or more in respect of regional development grants.