§ Mr. Michael McGuireasked the Secretary of State for Industry whether it is the practice of his Department to consider leased plant and machinery for selective financial assistance under the Industry Act.
Mr. Alan WilliamsFrom today the cost of plant and machinery leased for a minimum term of four years will be included among eligible project costs for the purpose of determining the appropriate level of selective assistance. This change will apply for projects eligible for regional selective assistance under Section 7 of the Industry Act and for projects eligible for selective assistance under the accelerated projects and sectoral industry scheme introduced under Section 8 of the Industry Act.