HC Deb 02 November 1979 vol 972 c705W
Mr. Ernie Ross

asked the Secretary of State for Industry what types of enterprises can be assisted under the Industrial Common Ownership Act.

Mr. David Mitchell

Common ownership and co-operative enterprises which are wholly or mainly engaged in manufacturing industry can be assisted. In order to qualify for a loan they must be in possession of a certificate issued under the Industrial Common Ownership Act by either the Registrar of Friendly Societies—in the case of common ownerships—or the Secretary of State for Industry—in the case of co-operatives.

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