§ Mr. MorganTo ask the Secretary of State for Wales what targets he has set for the Welsh Development Agency for the generation of gross income from the sales of industrial land and factory buildings(a) in the present financial year and (b) in 1993–94; what assessment he has made of the impact of the recession on the projected gross income from the sale of such land and buildings; and if he will make a statement.
§ Mr. David HuntI have announced that the agencys gross expenditure for 1993–94 will be £171.4 million. In determining the allocation of resources for the agency, I take account of a wide range of factors. Further details of the agencys programmes, including income, will be published in due course in the normal way.
For the current year, receipts are expected to amount to £91 million in total.