HC Deb 01 August 1978 vol 955 cc308-9W
Mr. George Rodgers

asked the Secretary of State for the Environment whether he is satisfied that new town development corporations are making the best use of private finance to fund the development of their towns.

Mr. Guy Barnett

New town development corporations have for many years obtained funds from financial institutions for the development of new commercial and industrial properties. This has been done by lease and lease back arrangements between the corporation and the institution. We have now agreed that these arrangements should be extended so as to include completed commercial and industrial buildings in those cases where the funds raised can with advantage be used for the further development of the town.