§ Mr. CrowtherTo ask the Secretary of State for Trade and Industry on how many occasions since the Industrial Development Act 1982 came into force expenditure has been incurred under section 3(2)(a) of the Industry Act 1980 on projects which otherwise fully satisfied the criteria of either section 7 or section 8 of the Industrial Development Act 1982.
§ Mr. Douglas Hogg[holding answer 15 June 1990]: The sum of £547 million was paid to Rover Group plc on 12 August 1988 under section 3(2)(a) of the Industry Act 1980 427W as the consideration for a special security ("The Instrument") which formed part of the agreement of 14 July 1988 between the Secretary of State, Rover Group plc and British Aerospace. The cash injection included £78 million in respect of projects in the assisted areas which met the standard conditions set out in section 7 of the Industrial Development Act 1982.