§ Mr. Gordon Brownasked the Chancellor of the Exchequer what is the value of tax relief for private hospital or nursing home developments under the business expansion scheme.
§ Mr. Moore[pursuant to his reply, 21 April 1986, c. 38]: Investments in private hospitals and nursing homes under the business expansion scheme totalled about £4 million in 1983–84. Information about 1984–85 investments is not yet complete, but of the £136 million investments for which information is available centrally about £17 million were in respect of private hospitals and nursing homes. At an average level of relief of 50 per cent. this represents about £2 million revenue costs in 1983–84 and about £8.5 million revenue cost in 1984–85. It is too soon to provide an estimate of 1985–86 investments.