§ Mr. MorganTo ask the Secretary of State for Wales what is his latest outturn forecast for regional selective assistance offers and expenditure in Wales in 1995–96 and its relationship to planned expenditure. [41783]
§ Mr. HagueThe latest estimate of the total value of regional selective assistance offers accepted by businesses in Wales during 1995–96 is £60 million. The original voted expenditure for the year was £42.429 million, but subject to parliamentary approval of a supplementary estimate, a further £11.009 million will be made available to meet anticipated additional demand in-year.
Grant is paid in instalments against progress on projects, typically over a period of three to five years, so much of the grant offered in 1995–96 will not fall to be paid until later years.