§ 39. Mr. Hirstasked the Secretary of State for Trade and Industry what measures have been taken to attract private capital investment into major tourism-related projects.
§ Mr. Norman LamontAssistance under section 4 of to Development of Tourism Act 1969 is available to encourage private capital investment in viable tourism related projects. More generally there is a range of private sector sources of finance for such projects and, following an English Tourist Board initiative, a new company, Leisure Development Limited, backed by five financial institutions, was set up earlier this year specifically to provide investment in leisure and tourism enterprises.