HC Deb 25 July 1978 vol 954 c677W
Mr. Fairgrieve

asked the Secretary of State for Scotland what has been the total loss to date by the Scottish Development Agency as a result of investments in firms that have subsequently failed.

Mr. Gregor MacKenzie

These are matters for the agency, but its accounts for the financial year 1976–77, which have been laid before the House, show that £105,000 was written off in respect of their investment in Insco Electronics Ltd. Two other agency investments, Scofisco Ltd. and Triadynamics Ltd., are currently in receivership and it is not yet known how much of the agency's investments will eventually be recovered.

Mr. Fairgrieve

asked the Secretary of State for Scotland what sums have been so far made available to the Scottish Development Agency.

Mr. Gregor MacKenzie

£67.5 million.

Mr. Fairgrieve

asked the Secretary of State for Scotland what has been the total investment to date by the Scottish Development Agency in firms in Scotland.

Mr. Gregor MacKenzie

That is a matter for the agency.