§ Mr. Bruceasked the Secretary of State for Scotland what percentage of the Scottish Development Agency's budget is directed into industry on the basis of the latest full year figures available.
§ Mr. Allan StewartA large proportion of the agency's expenditure is directed into industry. It is difficult to establish the exact figure, but in the financial year 1985–86 the agency's expenditure on industrial investments and grants, together with the provision of industrial sites and premises, totalled some £53 million.
§ Mr. Bruceasked the Secretary of State for Scotland if Her Majesty's Government have any plans to privatise any parts of the Scottish Development Agency operation.
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§ Mr. Allan StewartNo. The Government will, however, continue to encourage the agency in its efforts to maximise the contribution which the private sector can make to its development objectives.
§ Mr. Bruceasked the Secretary of State for Scotland what contribution the Scottish Development Agency is making to the Glasgow garden festival in total; and how this will be allocated in each relevant financial year.
§ Mr. Allan StewartThe net cost to the agency is estimated at £16.5 million. The allocation to financial years is estimated to be as follows:
£ million 1984–85 1.5 1985–86 5.2 1986–87 9.3 1987–88 12.3 1988–89 (7.3) Post Festival (4.5) These figures are based on current estimates and commitments in connection with net festival costs and associated land acquisitions and are expressed at outturn prices. Figures in brackets indicate an estimated excess of receipts over expenditure. The timing of certain receipts from disposals following the festival is not allocated by financial year.