Co-operative Enterprises

HC Deb 20 October 1976 vol 917 cc487-8W

Mr. Clemitson

asked the Secretary of State for Industry what proportion of financial assistance to industry under the Industry Act 1972 has gone to co-operative and common ownership enterprises in each of the years since the passing of the Act.

Mr. Alan Williams

Information on the amount of grants provided under Part I of the Industry Act 1972 to co-operatives and common ownership enterprises is not available. Selective assistance has been provided to four such enterprises under Section 7 of the Industry Act 1972 and to one under Section 8. Details of offers are given in the following table:

					(£m)
Section 7
1972–73	…	…	…	…	—
1973–74	…	…	…	…	0.002
1974–75	…	…	…	…	5.10
1975–76	…	…	…	…	0.021
Section 8
1972–73	…	…	…	…	—
1973–74	…	…	…	…	—
1974–75	…	…	…	…	4.95
1975–76	…	…	…	…	—

Total payments to industry under Section 7 and 8 during this period are as follows:

1972–73	…	…	…	…	0.4
1973–74	…	…	…	…	31.4
1974–75	…	…	…	…	46.8
1975–76	…	…	…	…	104.7