HC Deb 04 March 1991 vol 187 cc28-9W
Mr. Nicholas Brown

To ask the Chancellor of the Exchequer (1) what was(a) the total amount invested in the business expansion scheme, (b) the amount invested in private rented housing, (c) the total cost of tax relief and (d) the amount of tax relief in respect of investment in private rented housing, for each year from 1987–88 to 1989–90;

(2) for each of the years of the existence of the business expansion scheme, what were the percentages and amounts of BES money invested in residential and assured tenancy schemes and the associated revenue foregone by the Exchequer.

Mr. Maude

[holding answer 25 February 1991]: The business expansion scheme was extended to include investment in private rented housing in 1988–89. The latest estimates are shown in the table.

Amounts invested Cost of income lax relief
Total Of which investment in private rented housing Total Of which in respect of investment in private rented housing
(£ million) Amount (£ million) Percentage (£ million) (£ million)
1987–88 200 — — 120 —
11988–89 415 365 88 150 130
11989–90 225 165 75 75 55
1 Provisional estimates.

Information is not yet available for 1990–91.