§ Mr. Kenneth Clarkeasked the Secretary of State for Industry how many undertakings have qualified for removal grant upon moving into an area for expansion; and what has been the cost to public funds of such grants in each of the last four years.
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Mr. Alan WilliamsUp to 30th November 1976, offers of removal grant have been made under Section 7 of the Industry Act 1972 as follows:
Financial Year Number of Projects Value (£'000) 1972–73 23 205 1973–74 129 1,840 1974–75 188 4,697 1975–76 172 4,174 1976–77 78 4,573 Total 590 15,489
Individual Companies Amount £ million Date of Commitment Kearney and Trecker Marwin Ltd. … … … 1.900 19th July 1976 Data Recording Instruments Company Ltd. … … … 0.500 9th January 1976 Chrysler (UK) Ltd. … … … 162.500 5th January 1976 Seaforth Maritime Ltd. … … … 0.950 5th July 1976 Drake and Cubitt Ltd. … … … 2.340 1st September 1976
Schemes of Assistance Amount £ million (Commitments made throughout the year) Accelerated Projects Scheme … … … 73.158 Wool Textile Scheme (Phase 1) … … … 3.156 Clothing Scheme … … … 0.822 Ferrous Foundry Scheme … … … 22.123 Machine Tool Scheme … … … 2.742 Paper and Board Scheme … … … 0.962 Poultrymeat Processing … … … 0.682 Prospective commitments in 1976 under the Offshore Supplies Interest Relief Grant Scheme are estimated at £37 million.