§ Mr. Sheermanasked the Secretary of State for Industry how much money Courtaulds Limited has received in development grants in the last year.
§ Mr. David MitchellParticulars of individual regional development grant payments are generally regarded as confidential between the Department of Industry and the applicant, but since 1 October 1974 details of grant payments in excess of £25,000 have been published quarterly inBritish Business—formerly Trade and Industry. The published information shows payments of regional development grant totalling £793,000 to Courtaulds Ltd. during the period 1 April 1979 to 31 March 1980.
§ Mr. Sheermanasked the Secretary of State for Industry if he is satisfied that the money that Courtaulds Limited has received by way of grants in the last 10 years has been beneficially used.
§ Mr. David MitchellCourtaulds Limited has received financial assistance under the schemes for encouraging investment and creating or preserving jobs which apply to all manufacturing industries. Offers of selective assistance are 717W carefully monitored against the purposes for which they are made. Payment of regional development grant is subject to a four years conditions period, and recovery, or part recovery, is made if the conditions are not met.