§ Mr. Bruce-Gardyneasked the Secretary of State for Industry what is his estimate of the aggregate cost to public funds of the forms of financial assistance offered towards the establishment of a petrochemical complex at Moss Morran, Fife; what is the cost per permanent extra job to be created; and whether this support 354W is subject to prior parliamentary approval.
§ Mr. David MitchellNo offer of selective assistance under either section 7 or section 8 of the Industry Act 1972 has been made for these projects. Regional development grant may become payable at the rate appropriate to development areas. This rate was recently reduced from 20 per cent. to 15 per cent. The regional development grant scheme is automatic and grant is payable to all applicants who meet the defined and published criteria.