British Ship Research Association (Grant Terms)

Oral Answers to Questions — Science – in the House of Commons at 12:00 am on 21 January 1964.

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The Earl of Dalkeith:

asked the Lord President of the Council and Minister for Science whether new grant terms have now been agreed between the Department of Scientific and Industrial Research and the British Ship Research Association; and whether he will make a statement.

Photo of Mr Quintin Hogg Mr Quintin Hogg , St Marylebone

New and improved grant terms for the five years beginning 1st April, 1963, have been offered. Provided industry raises a minimum grant-earning income of £600,000 a year, the new terms provide grant aid of 50 per cent. of industrial income up to £1,000,000; that is, a maximum of £500,000 a year. In addition, there will be a grant of £1 for every £1 contributed by the shipowners and ship managers, subject to a maximum of £200,000 a year.

The Earl of Dalkeith:

How do these new terms compare with the old ones?

Photo of Mr Quintin Hogg Mr Quintin Hogg , St Marylebone

As compared with £200,000 a year under the old terms, the new terms permit a maximum total grant of £700,000 a year.

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