§ 26. Mr. Greenwayasked the Chancellor of the Exchequer if, in considering his Budget proposals, he will take account of the need to encourage private investment in the inner cities.
§ 40. Mr. Anthony Grantasked the Chancellor of the Exchequer if, when formulating his Budget proposals, he will take steps to encourage the private sector to invest in the inner cities.
§ Mr. BrittanThe Government have already taken steps to encourage private sector investment in the inner cities. The arrangements for enterprise zones include470W substantial incentives to such investment, while the recently established urban development corporations are also working to this end. Additionally, my right hon. Friend the Secretary of State for the Environment has announced certain measures to encourage the private sector to play its role in the regeneration of inner city areas generally. The group of private sector financial managers set up by my right hon. Friend is examining possible longer-term meaures. When the group reports in due course, any recommendations to encourage further private investment in the inner cities will be carefully considered.