§ Mr. Craigen
asked the Secretary of State for Scotland if he will have discussions with pension fund managers about the possibility of promoting pension fund investment in inner city areas in industrial, housing and recreational projects.
§ Mr. Allan Stewart
There is already considerable interest in private house building in the inner cities, but the reluctance of some district councils to sell sites is an obstacle. I hope that the work of the consultants presently reviewing the Glasgow east area renewal project will help to identify the best way of involving private finance in industrial and recreational projects. The Scottish Development Agency's guidelines require it to secure the maximum degree of private sector co-operation and financial participation in its development programme.