§ Mr. McKelveyasked the Secretary of State for the Environment how much more public expenditure will he necessary on the new towns before they are finally handed over to local authorities after completion of development.
§ Mr. StanleyEnglish new town development corporations are planning their future capital investment programmes in the light of the target dates that have been set for their dissolution. It is not possible to say how much of this expenditure will come from public funds, as the proportion of public funding will depend on year-by-year public expenditure decisions coupled with year-by-year assessments of how much can be raised by private finance.
§ Mr. McKelveyasked the Secretary of State for the Environment whether he has set targets for the new towns to sell off their assets; and what these are.
§ Mr. StanleyThe English new towns, and the Commission for the New Towns, have been given an indication each year of the sums they could be expected to realise by way of asset sales. As stated previously, to publish this information town by town might prejudice their negotiating positions.