HC Deb 24 January 1983 vol 35 cc312-3W
Mr. Barry Jones

asked the Secretary of State for Wales what was the total of special financial assistance to companies in the county of Clwyd for the financial year 1979–80 onwards; and if he will make a statement.

Mr. Nicholas Edwards

The following table gives the value of selective financial assistance offers under sections 7 and 8 of the Industry Act 1972 which were accepted in respect of projects in Clwyd during the relevant period:

Section 7 Section 8
£000 £000
1970–80 5,100 170
1980–81 3,000 187
1981–82 4,900 99
1 April 1982–31 October 1982 2,000 95

Mr. Barry Jones

asked the Secretary of State for Wales how many companies were receiving financial assistance in Clwyd in the financial years 1979–80, 1980–81, 1981–82 and 1982–83 respectively; and if he will make a statement.

Mr. Nicholas Edwards

The following table gives details of the number of offers under sections 7 and 8 of the Industry Act 1972 which were accepted in respect of projects in Clwyd during the years in question:

Section 7 Section 8
1979–80 31 8
1980–81 13 10
1981–82 17 5
1 April 1982–31 October 1982 13 1

Mr. Barry Jones

asked the Secretary of State for Wales what is his estimate of the number of jobs created and saved by special financial assistance in the county of Clywd; and if he will make a statement.

Mr. Nicholas Edwards

Projects in Clywd for which offers of selective financial assistance under section 7 of the Industry Act 1972 were accepted during the financial years 1979–80 to 1982–83—first seven months—are expected to provide about 5,000 new jobs and to safeguard 2,750 existing jobs over a three-to-four year period.