HC Deb 07 December 1976 vol 922 c149W
Mrs. Bain

asked the Secretary of State for Industry how many applications for aid he has received from foundries for financial assistance under the aid to ferrous industries scheme; and how many of these requests have been met in full.

Mr. Les Huckfield

At 1st December 1976, 298 applications had been received. So far 119 offers have been made and 23 applications have been refused or withdrawn. Offers have always represented the appropriate percentage of the eligible qualifying costs of the project—25 per cent. for plant and machinery, 15 per cent. for buildings—and this has usually required some adjustment to the amounts initially requested.

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