§ Mr. D. E. Thomasasked the Secretary of State for Wales if he will set out the terms on which funds are available to companies under the Industrial Development Act in Wales.
§ Mr. Nicholas EdwardsThe terms under which grants under section 7 of the Industrial Development Act 1982 are made available to companies are tailored to meet the requirements of each project assisted. For reasons of commercial confidentiality I am not able to reveal the terms of any specific grant offer.
§ Mr. D. E. Thomasasked the Secretary of State for Wales how many companies in each county in Wales received grant under the Industrial Development Act 1982 in each year since its introduction; and what are the lowest, highest and average amounts of grant paid.
§ Mr. Nicholas EdwardsSince 28 January 1983 when the Act came into force the number of offers of grant under section 7 of the Industrial Development Act 1982 accepted by companies in each of the counties in Wales was as follows:
1983 (28 January to 31 December) 1984 (1 January to 30 June) Clwyd 28 24 Dyfed 9 5 Gwent 73 48 Gwynedd 5 3 Mid Glamorgan 49 34 Powys 3 0 South Glamorgan 32 19 West Glamorgan 20 13 The lowest and highest grants accepted were £1,500 and £3,900,000 respectively. The average was £188,000.