§ Mr. David Watkinsasked the Secretary of State for Industry if he will list the projects which were assisted by the accelerated projects scheme for capital investment in industry.
Mr. Alan WilliamsBy 26th October about £80 million assistance has been offered towards 106 projects involving total investment of about £590 million. These projects are estimated to achieve foreign exchange benefits of about £435 million per annum by 1980, and will collectively create or safeguard 13,500 jobs.
In accordance with arrangements announced in the House on 31st July 1974, details of assistance are published in "Trade and Industry" in the quarter following the first payment to a company. Assistance to projects being undertaken by Lucas Industries, Ransome Hoffman and Pollard, Cyanamid of Great Britain and Dow Chemicals has already been published in this way. In addition, the House has been notified under Section 8(8) of projects being carried out by BPCI, Lindsey Oil Refinery Ltd., and Mobil Oil Co. Ltd.