§ Mr. Nobleasked the Secretary of State for Industry what is his policy towards the provision of finance from the European Investment Bank for projects in 242W special development areas, development areas and intermediate areas, respectively.
§ Mr. Les Huckfield:My right hon. Friend is prepared to consider for submission to the European Investment Bank under the agency arrangements introduced on 1st January 1978 viable projects in manufacturing industry which create additional employment in development areas and special development areas and satisfy the criteria for assistance under section 7 of the Industry Act 1972. My right hon. Friend is also prepared exceptionally to consider applications in respect of projects in intermediate areas and projects which safeguard existing employment throughout the assisted areas.