§ Mr. Fatchett
To ask the Secretary of State for National Heritage what plans he has to attract private sector funding for the proposed move of the royal armouries museum to Leeds; and if he will make a statement.
§ Mr. Key
The Department is contributing £20 million to the project, and further contributions are being made by Leeds development corporation and Leeds city council. Merchant bankers acting for the armouries have now circulated a briefing memorandum to potential investors, who will be invited to contribute the rest of the estimated cost of £42 million. The Government fully support this important project, which will bring significant benefits to Leeds.