§ 71. Mr. BevanTo ask the Secretary of State for the Environment what is the current ratio of public to private investment in the inner cities; and if he will make a statement.
§ Mr. TrippierThe current ratio of public to private investment for projects assisted by urban development grant is 1:4. The equivalent ratio for the two original urban development corporations for investment secured up to the end of 1986–87 is 1:5. Schemes secured in the current year would increase the UDC ratio significantly.
§ 73. Mr. KirkhopeTo ask the Secretary of State for the Environment what is the current level of private investment in the inner cities attributable to Government initiatives.
§ Mr. TrippierIn the current year I expect private sector investment secured as a result of my Department's initiatives to be in excess of £1,300 million.