§ Mr. Woodallasked the Secretary of State for Industry why the latest quarterly list of regional development grants to companies published in Trade and Industry has been changed so that in some instances the actual users are not shown.
§ Mr. Gregor MackenzieWith experience, it was decided that it was misleading74W to show the name of the user in cases where grant was actually paid to the provider of the asset—e.g., a finance company or a development corporation—and the procedure has, therefore, been changed.
§ Mr. Woodallasked the Secretary of State for Industry which companies were the actual users of regional grants made in the second quarter of 1975 to the following companies: Lloyd's Leasing Limited, Ellesemere Port (£579,000), Forward Leasing (UK) Limited, Consett (£38,000), Clydebank (£43,000) and Irvine (£54,000) and Barclays Export and Finance Company Limited, Grangemouth (£479,000).
§ Mr. Gregor MackenzieRegional development grants are made towards the cost of buildings and works and plant and machinery and mining works in accordance with the propositions of Part I of the Industry Act 1972. They are paid to a person incurring capital expenditure in providing an eligible asset whether he or she is the actual user of the asset or not. The companies listed received the grant, and I am afraid I cannot give the names of the users of the assets involved since transactions between leasing companies and their clients are confidential.