§ Mr. David Steelasked the Secretary of State for Industry what are the bases on which investment grants are calculated.
Mr. Alan Williams, pursuant to his reply [Official Report, 11th June 1976; Vol. 912, c. 789], gave the following information:
I assume the hon. Member has in mind regional development grants payable under Part I of the Industry Act 1972. These grants are available in all assisted areas, including Intermediate areas, on a prescribed percentage of approved capital expenditure on new buildings and works on qualifying premises. In development and special development areas grant is also available on new machinery and plant for use in qualifying premises or in construction activities, and on mining works. The rates at which grant is payable are set out in the following table. 171W Further information about regional development grants is contained in the explanatory notes and forms provided for the use of applicants. Copies of these have been placed in the Library.