HC Deb 15 July 1992 vol 211 cc717-8W
Dr. Godman

To ask the Secretary of State for Scotland what is the total of public investment in the Inverclyde enterprise zone; and if he will make a statement.

Mr. Stewart

[holding answer 14 July 1992]: The total of public sector investment in the Inverclyde enterprise zone to date is approximately £13 million, excluding the cost of land purchases which amounted to £2.9 million.

Dr. Godman

To ask the Secretary of State for Scotland if he will estimate the total of private investment to date in the Inverclyde enterprise zone; and if he will make a statement.

Mr. Stewart

[holding answer 14 July 1992]: The value of the investment made by the 25 or so companies which have established in the Inverclyde enterprise zone is a matter for each individual company. However, about 425,000 sq ft of industrial/business space has been developed in the zone thus far by the private sector, with a further 120,000 sq ft expected to commence shortly. It is estimated that these basic development costs could exceed £50 million.

Dr. Godman

To ask the Secretary of State for Scotland if he will give(a) the date of designation of the Inverclyde enterprise zone and (b) its expiry date.

Mr. Stewart

[holding answer 14 July 1992]: Inverclyde enterprise zone was designated on 3 March 1989 and will expire on 2 March 1999.

Dr. Godman

To ask the Secretary of State for Scotland if he will indicate(a) the physical area of the Inverclyde enterprise zone, (b) the proportion of the total area which is unused at the present moment and (c) the proportion which is under construction today.

Mr. Stewart

[holding answer 14 July 1992]: The Inverclyde enterprise zone comprises some 274 acres. Some 66 per cent. of the zone is unused at present; that is, there has been little or no development work since designation. The remaining 34 per cent. is currently under construction/recovery or developed.