HC Deb 02 June 1992 vol 208 cc367-8W
Mr. Blunkett

To ask the Secretary of State for the Environment if he will publish a table indicating, for each year since 1981, at current prices, the amount of money the Government have provided for all private investors in London docklands, in terms of(a) direct subsidies, (b) tax allowances, (c) rates relief and (d) discounted land sales.

Mr. Redwood

Figures relating to direct subsidies(a) and to rate relief (c) are as follows:

£ thousands
(a) Direct subsidies (c) Rate relief
1981–82 215
1982–83 351 2,091
1983–84 304 2,401
1984–85 324 3,587
1985–86 600 3,353
1986–87 739 4,186
1987–88 493 8,562
1988–89 199 9,596
1989–90 263 15,018

(a) Direct subsidies (c) Rate relief
1990–91 216 1
1991–92 221 1
1 Not available.

(a) Direct subsidies—Financial assistance by the Corporation for industry in Docklands, including relocation and modernisation grants;

(b) Tax allowances—Data is not available for capital allowances paid in respect of individual Enterprise Zones, such as the Isle of Dogs;

(c) Rate relief—Reimbursement for local authorities in Enterprise Zones for loss of rates revenue;

(d) Discounted land sales—The London Docklands Development Corporation is expected to achieve market price for land disposals.