Small Engineering Firms Investment Scheme

Part of Oral Answers to Questions — Industry – in the House of Commons at 12:00 am on 14th February 1983.

Alert me about debates like this

Photo of Mr John MacGregor Mr John MacGregor Parliamentary Under-Secretary (Department of Industry) 12:00 am, 14th February 1983

I noted my hon. Friend's second point. There are no further funds for the scheme. There was a limit for this year, which we increased by 50 per cent. I entirely agree with his first point. The scheme was designed to assist small firms to buy technologically advanced capital equipment. As a result of all our evidence and the surveys that we have carried out, I am sure that the scheme has achieved that. I hope that firms that have been made offers but have not yet placed orders will do so, as it is important for them to become technologically up to date as soon as possible.