§ Dr. LadymanTo ask the President of the Board of Trade if she will list, for each offer of regional selective assistance made in England during 1997, the percentage of the project's capital cost represented by the grant offered; and if she will group them by region and indicate, for each offer, if it related to an area of full or intermediate assisted area status. [33707]
§ Mrs. RocheEach year there are more than 1,000 offers of Regional Selective Assistance in England. Information about the capital costs of individual projects is commercially confidential. However, the table shows the range of percentages of grant to capital costs for the total of RSA offers in 1997. These vary widely according to the type of project and reflect the selective nature of the RSA scheme whereby projects are secured for the minimum necessary cost.
Percentage Development area Intermediate area Region Minimum Maximum Minimum Maximum East Midlands 9.41 27.83 3.74 14.81 Merseyside 3.05 29.50 — — North East 0.89 29.53 7.71 14.54 North West 9.27 18.55 1.63 15.08 South East 4.38 27.57 1.57 14.09 South West 9.70 24.36 3.81 14.68 West Midlands 3.35 27.06 2.38 16.65 York and Humber 0.65 19.95 2.60 14.21 East — — 2.81 13.67 London — — 2.72 14.30 Note:
Percentages calculated on basis of Net Grant Equivalent, which is the discounted value of the grant net of tax as a proportion of the discounted fixed capital costs.