§ Mr. MilburnTo ask the President of the Board of Trade, pursuant to his answer of 5 June 1992,Official Report, columns 675–78, on regional financial assistance, if he will update the table, to include spending on regional financial assistance at current and 1978–79 prices.
§ Mr. SainsburyUpdated information on regional financial assistance from 1990–91 to 1992–93 at current prices and at 1978–79 prices is set out in the following tables. Information for the period 1978–79 to 1988–89 remains unchanged. The expenditure is gross of recoveries.
Table 1 Government Expenditure on Regional Financial Assistance to Industry at Current Prices1 £ million Region 1990–91 1991–92 1992–93 Northern5 85.0 63.8 48.3 Yorkshire and Humberside 29.4 18.2 13.7 East Midlands 5.5 2.6 1.2 South West 9.0 8.3 8.2 West Midlands23 18.0 8.7 10.8 North West 57.5 49.5 36.8 England 204.4 151.1 119.0 Wales6 133.7 153.9 140.9 Scotland6 159.1 128.9 103.4 Great Britain6 497.2 433.9 363.3 Northern Ireland6 134.3 140.4 108.5 United Kingdom6 631.5 574.3 471.8
Table 2 Government Expenditure on Industry at Regional Financial Assistance to 1978.79 prices14 £ million Region 1990–91 1991–92 1992–93 Northern5 33.6 23.7 17.3 Yorkshire and Humberside 11.6 6.7 4.9 East Midlands 2.2 1.0 0.4 South West 3.6 3.0 2.9 West Midlands23 7.1 3.2 3.9 North West 22.7 18.4 13.2 England 80.8 56.0 42.6 Wales 52.9 57.1 50.5 Scotland 62.9 47.8 37.0 Great Britain 196.6 160.9 130.1 Northern Ireland 53.1 52.1 38.8 United Kingdom 249.7 213.0 168.9 1 All figures are gross and include payments to Nationalised Industries. 2 Includes some minor expenditure in West Midlands in respect of Oswestry TTWA which ceased to be an Assisted Area in 1982.83. 3 Certain TTWAs in the West Midlands were designated as Assisted Areas on 29 November 1984. 4 Expenditure on a 1978–79 price basis for each year is calculated by applying the appropriate deflator to expenditure at current prices. 5 Includes expenditure in Cumbria, otherwise shown within the totals for Northern Region. 6 The figures given are provisional for 1992.93. The items included in the expenditure are Regional Development Grants, Regional Selective Assistance and Regional Enterprise Grants; expenditure on Land and Factories by the English Industrial Estates Corporation, the Scottish and Welsh Development Agencies, the Development Board for Rural Wales, and the Highlands and Islands Development Board.
Northern Ireland has a different range of financial incentives available and the items included are Industrial Development Board 120W grants and loans, expenditure on land and factories, Share Capital Standard Capital Grants and Local Enterprise Development Unit grants and loans.
Table 3 Index 1978–79 prices 1978–79 100.0 1979–80 116.7 1980–81 138.1 1981–82 151.4 1982–83 162.2 1983–84 169.7 1984–85 178.2 1985–86 188.0 1986–87 194.2 1987–88 204–8 1988–89 219.6 1989–90 234.0 1990–91 252.8 1991–92 269.7 1992–93 279.1