§ Mr. Moonmanasked the Secretary of State for Industry if any grant or loan has been allocated by any European agency to the North Sea Iron Company for work at Jarrow.
§ Mr. Les HuckfieldThe European Commission approved in July a loan of £28 million under Article 54 of the ECSC Treaty towards the cost of constructing an iron ore direct reduction plant at Jarrow. However, the North Sea Iron Company has decided to postpone this
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DEPARTMENT OF INDUSTRY EXPENDITURE (including support for nationalised industries) £ million (1976 Survey Prices) Sub-Programme 1972–73 1976–77 Regional Development Grants … … … … … 13.6 393.0 Land and Buildings … … … … … … 21.0 25.8 Selective Regional Assistance … … … … … 0.8 27.8 Publicity … … … … … … … … 0.1 0.2 Local Employment Act … … … … … … 83.0 -3.4 General Industrial R & D … … … … … 29.7 51.0 Technological Sponsorship … … … … … 6.1 8.4 Air R & D … … … … … … … 22.6 19.1 Concorde … … … … … … … … 132.5 36.8 RB 211 … … … … … … … … 89.7 10.1 Other Air Assistance … … … … … … -1.4 -1.3 Space … … … … … … … … 13.9 30.3 Selective Assistance to Industries and Individual Firms … 8.8 132.7 Refinancing of Home Shipbuilding Lending … … … 85.8 75.0 Shipbuilding Assistance … … … … … … 19.3 36.5 Other Support Services … … … … … … -26.6 -3.1 Investment Grants … … … … … … 515.6 29.0 NEB … … … … … … … … — 225.0 Other Compensation (Redundant Steel Workers) … … — 1.1 Total … … … … … … … 1,014.5 1,094.0 Note: The above figures exclude expenditure on Central and Miscellaneous Services (staff and administration costs). The NEB figure is in money terms. project because of the present recession in steel.