§ Mr. Blunkett
To ask the Secretary of State for the Environment if he will publish a table indicating, for each year since 1981, at current prices, the amount of money the Government have provided for all private investors in London docklands, in terms of(a) direct subsidies, (b) tax allowances, (c) rates relief and (d) discounted land sales.
§ Mr. Redwood
Figures relating to direct subsidies(a) and to rate relief (c) are as follows:
£ thousands (a) Direct subsidies (c) Rate relief 1981–82 215 — 1982–83 351 2,091 1983–84 304 2,401 1984–85 324 3,587 1985–86 600 3,353 1986–87 739 4,186 1987–88 493 8,562 1988–89 199 9,596 1989–90 263 15,018
(a) Direct subsidies (c) Rate relief 1990–91 216 1— 1991–92 221 1— 1 Not available.
(a) Direct subsidies—Financial assistance by the Corporation for industry in Docklands, including relocation and modernisation grants;
(b) Tax allowances—Data is not available for capital allowances paid in respect of individual Enterprise Zones, such as the Isle of Dogs;
(c) Rate relief—Reimbursement for local authorities in Enterprise Zones for loss of rates revenue;
(d) Discounted land sales—The London Docklands Development Corporation is expected to achieve market price for land disposals.