§ Ms Janet AndersonTo ask the Secretary of State for the Environment if he will list the revenue spending estimated by his Department in connection with the private finance initiative for(a) 1995–96, (b) 1996–97 and (c) 1997–98. [26630]
§ Sir Paul BeresfordThe Department of the Environment and its sponsored bodies attracted over £4.5 billion in private investment in support of programmes in 1994–95 and anticipates a similar outturn in 1995–96. Forecasts for 1996–97 and 1997–98 are for about £6 billion in private investment to be generated. This will assist in the delivery of a large number of projects, most notably ones relating to housing and urban regeneration. Estimated revenue spending on the Department's recently announced private finance initiative design, build, finance and operate-type projects is forecast to be nil in 1995–96, £200,000 in 1996–96 and £700,000 in 1997–98.