§ Mr. Kenneth Clarkeasked the Secretary of State for Industry what cost-per-job created and other limits are applied in assessing the amount of selective financial assistance offered to applicants under Sections 7 and 8, respectively, of the Industry Act 1972.
§ Mr. CryerSelective financial assistance under Sections 7 and 8 of the Industry Act 1972 is subject to a limit on the public sector contribution and, in the case of Section 7 assistance only, to a cost per job limit. These limits are confidential.
§ Mr. Kenneth Clarkeasked the Secretary of State for Industry what agreements have been entered into with the European Commission to restrict the total amount of selective financial assistance to any one investment project under sectoral schemes under Section 8 of the Industry Act 1972.
§ Mr. CryerNone. However, the conditions applying to particular sectoral schemes under Section 8 of the Industry Act 1972 are discussed and agreed with the EEC Commission under the usual procedures. There are no specific ceilings to the amount of selective financial assistance available for individual investment projects under sectoral schemes except in the case of the redmeat slaughterhouse 145W industry scheme, where assistance for modernisation projects is normally limited to £250,000