§ 40. Mr. Jacques ArnoldTo ask the Secretary of State for the Environment how much private money in total is estimated to have been attracted as a result of public funding for urban development and regeneration in the Merseyside and London Dockland development corporations; and what level of leverage that represents.
§ Mr. TrippierEstimated private sector investment committed by the end of March 1988 to the London Docklands development corporation's area was £4 billion and to the Merseyside development corporation's area was £63 million. Total grant-in-aid paid to the two corporations over the same period was £564 million. This represents a leverage (defined as the ratio of grant-in-aid received to private sector investment committed) of 1:7.
§ 60. Mr. PaiceTo ask the Secretary of State for the Environment how many(a) jobs have been provided, (b) homes have been provided and (c) areas of inner-city derelict land have been reclaimed, as a result of awards under the urban development and urban regeneration grants during their lifetime.
§ Mr. TrippierUrban development grants and urban regeneration grants approved to date will result in the provision of 30,800 jobs and 8,500 homes as well as bringing 1,380 acres of land back into use. Further approvals are expected to flow from applications received by early May.
§ 44. Mr. PatnickTo ask the Secretary of State for the Environment how much money has been spent in total o n the urban development corporation budget in each of the last three years.
§ Mr. TrippierUrban development corporation grant-in-aid in the last three years was:
1985–86 1986–87 1987–88 outturn outturn provision £ million £ million £ million 82 89 133