§ Mr. Ron Daviesasked the Secretary of State for Wales if he will estimate the average amount of time companies in Wales will now have to wait for applications for regional aid to be processed following the announcement of a moratorium on payments by Her Majesty's Government.
§ Mr. Nicholas EdwardsThe average time taken to process applications from companies in Wales for regional development grants at the present high rate of receipts of applications is between 8–10 weeks. The four-month moratorium on payments takes effect from the date of approval of an application.
§ Mr. Ron Daviesasked the Secretary of State for Wales how many companies in Mid-Glamorgan will be affected by the moratorium on regional aid announced by the Government; and if he will estimate the sum of money involved.
§ Mr. Nicholas EdwardsThe number of companies with qualifying premises in Mid-Glamorgan eligible to receive regional development grant and thus with the potential to be affected by the four-month moratorium is 818. It is not possible to estimate the sum of money involved but for Wales as a whole it is possible that some £23 million will be subject to deferment during 1985–86.