§ Mr. Nicholas BrownTo ask the Chancellor of the Exchequer what was for each year of the years of the existance of the business expansion scheme, the total amount invested in BES, the total cost to the Exchequer, and the percentage and amount of BES money invested, and associated cost to the Exchequer, in residential and assured tenancy schemes.
§ Mr. MaudeThe business expansion scheme was extended to include investment in private rented housing in 1988–89. The latest estimates are as follows:
Amounts invested Cost of income tax relief Total of which investment in private rented housing Total of which in respect of investment in private rented housing £ million amount £ million percentage £ million £ million 1983–84 105 — — 50 — 1984–85 148 — — 75 — 1985–86 157 — — 85 — 1986–87 169 — — 95 — 1987–88 201 — — 120 — 11988–89 420 368 88 150 130 11989–90 211 160 76 75 55 11990–91 320 280 88 120 105 1 provisional estimates. Information is not yet available for 1991–92.