HC Deb 11 March 1982 vol 19 c491W
25. Mr. Bevan

asked the Chancellor of the Exchequer if he will take steps to encourage insurance companies to make more funds available to help revive the major industrial areas.

Mr. Bruce-Gardyne

Investment decisions taken by insurance companies must reflect their obligations to their policyholders and shareholders; they are not appropriate matters for Government guidance. However, I am sure that institutional investors are increasingly aware that there are viable investment opportunities in areas where the physical and human resources are now under-used, and I know of a growing volume of initiatives in both the public and private sectors to promote this awareness—for example, my right hon. Friend the Secretary of State for the Environment's financial institutions group.