Mr. Ted Fletcherasked the Secretary of State for Trade and Industry what provision is being made for the establishment of advance offices in the development areas.
§ Mr. Anthony GrantAttractive office accommodation is readily available in the assisted areas.
Mr. Ted Fletcherasked the Secretary of State for Trade and Industry if he will initiate a campaign to attract 383W clerical and administrative employment to the development areas and, in particular, publicise the fact that office rents in the development areas average £1.25 per sq. ft., whilst rents in central London are now approaching £10 per sq. ft.
§ Mr. Anthony GrantThe new incentives announced on 13th June to encourage service projects with a genuine choice of location, company offices and research and development units to move to the assisted areas is being vigorously promoted by my Department and the Location of Offices Bureau. This is the first time that such incentives have been made available in Great Britain. The rent-free period available under these new incentives of up to five years in development areas offers a large potential saving for companies paying high rents outside the assisted areas, and we are drawing to the attention of prospective applicants this and all the other advantages of moving to the assisted areas.