§ Mr. David Steelasked the Secretary of State for Industry what information companies have to supply in support of claims for relief or requests for grants.
Mr. Alan Williams,pursuant to his reply [Official Report, 11th June 1976; Vol. 912, c. 789], gave the following information:
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Regional Development Grants on Special development areas development areas Intermediate areas Per cent. Per cent. Per cent. New buildings and works (other than mining works) and adaptations to existing buildings on qualifying premises 22 20 20 New machinery, plant on qualifying premises and mining works 22 20 Nil New machinery and plant used on construction sites 20 20 Nil I understand that the hon. Member's Question relates to interest relief grant and regional development grant. Applicants under Part II of the Industry Act 1972 for selective financial assistance, including interest relief grants, are required to provide sufficient information to enable the Department concerned to assess the project's eligibility for assistance, its viability, and the expected employment, industrial and other benefits. The Government's criteria for selective financial assistance were placed in the House of Commons Library on 12th January. Applicants for regional development grant must provide detailed information sufficient to satisfy the Department that the capital expenditure towards which grant is sought meets the requirements of Part I of the Industry Act 1972. Copies of the application forms used for this purpose are in the Library.