§ Mr. Laurance Reedasked the Secretary of State for the Environment if he will change the method by which grants are payable for the restoration of derelict land so as to make the grant payable ab initio, allowing local authorities to refund the after value when the land is disposed of or developed.
§ Mr. Graham PageNo account is taken of the after-value of derelict land which is to be used by local authorities for amenity purposes or public open space. In other cases grant is ordinarily payable on the net cost of restoration schemes after deducting the estimated after-value 195W of the land. But in suitable circumstances grant may be paid on the gross cost and any necessary adjustment made when the land is sold or developed.