§ Mr. Fisher
To ask the Secretary of State for Trade and Industry what was his Department's total investment in tourism in each of the last five years.233W
§ Mr. Forth
[holding answer 18 December 1989]: Prime responsibility for tourism rests with the Department of Employment. DTI may assist towards tourism projects, for example under the consultancy initiatives, but these are not separately identified except in the case of the exchange risk guarantee scheme for tourism projects. Under this scheme—which closed to new applications in 1984—the Department offered an exchange risk guarantee on European Investment bank loans for tourism projects. Expenditure under this scheme over the last five years has been as follows:
£'000s 1985–86 259 1986–87 320 1987–88 303 1988–89 325 11989–90 329 1 Estimated.