§ Mr. Trotterasked the Secretary of State for Trade and Industry what financial support the Government are offering the Northern Development Company for the activities set out in the company's business plan as presented to him on 6 February.
§ Mr. ChannonI have offered the Northern Development Company a total of up to £1,118 million in 1987–88. Of this £908,000 is for the company's inward investment promotion work hitherto carried out by the North of England Development Council. This latter sum represents an increase in excess of the rate for inflation over the provision of 1986–87. The remaining £210,000 meets in full the company's request for support for its wider activities aimed at the regeneration of the region. My Department is providing up to £180,000 of this latter amount and my right hon. Friend the Secretary of State for Employment is contributing £30,000.