§ Mr. Adleyasked the Secretary of State for the Environment if he will list all the urban development grant projects approved by his Department during 1985, stating for each project the total amount of grant, the percentage the grant comprised, the total cost of the project, the name of the public or private sector participants within each project, and the cost from public funds for each new job created within each project.
§ Sir George YoungLists of all projects approved for urban development grant are regularly placed in the Library of the House; an updated version was placed there last month. These contain for each project the total amount of grant, the private sector investment, the names of the sponsoring local authority and of the private sector participant, and a brief description of the project. It is not the practice to release further details of individual schemes. Fifty-seven projects were approved in the calendar year 1985; these involved total investment of £127 million brought about by £27 million of urban development grant and other public funds.
The average estimated public expenditure per new job to be created in commercial and industrial schemes approved in 1985 is £5,300; this ignores jobs retained and other benefits, such as derelict land reclaimed.