HC Deb 19 April 1989 vol 151 cc330-1
10. Mr. Tredinnick

To ask the Chancellor of the Duchy of Lancaster how many new businesses have been established in Leicestershire each year since 1983; and if he will make a statement.

Mr. Maude

The numbers of new businesses registered for VAT in Leicestershire for each of the five years from 1983 to 1987 were respectively, 3,003, 2,885, 3,033, 2,961 and 3,347. During that period the total numbers of businesses registered has increased every year, growing by 13 per cent. overall.

Mr. Tredinnick

Is my hon. Friend aware that in Hinckley, the principal town in my constituency, demand for industrial land far outstrips supply, that the council has just had to release another 120 acres, and that 158 acres are currently under consideration by private developers? Does he agree that that demonstrates the effectiveness of Government policies and the prudent policies adopted by the Conservative-controlled Hinckley and Bosworth borough council?

Mr. Maude

My hon. Friend has it exactly right. Because my constituency borders that of my hon. Friend, I know from my local knowledge that there has been a considerable growth of economic activity in our area. New companies are doing well, employment has increased substantially and the prosperity of the area has grown markedly.

Mr. Ashby

Does my hon. Friend agree that an important element in industrial growth and in the growth of new industries is the infrastructure? Within my area of north-west Leicestershire, an excellent road system is being built, including the new M42-A42 road. However, an important element of that road system is correct and proper road signs so that people who want to go to the new industries in towns such as Coalville and Ashby know how to get there. Will my hon. Friend speak to the Secretary of State for Transport to ensure that there are properly marked road signs?

Mr. Maude

I know that a great many people are seeking to find a way to my hon. Friend's constituency. I shall certainly speak to my right hon. Friend about whether steps can be taken to enable them to find their way to it more easily.