§ Mr. William PowellTo ask the Secretary of State for the Environment what was the total sum paid to Corby district council in each year of operation in lieu of rate revenue forgone in enterprise zones.
§ Mr. BaldryThe sums paid to Corby District Council in lieu of rate revenue forgone in enterprise zones were:
Year £000's 1981–82 126 1982–83 434 1983–84 1,146 1984–85 1,688 1985–86 2,155 1986–87 2,896 1987–88 3,464 1988–89 4,344 1989–90 4,711 The figures are in own year prices.
Following the introduction of the national non-domestic rates in April 1990, the lost yield from business rates on enterprise zones is taken into account in setting the national poundage and it is no longer necessary to compensate councils individually for rate revenue forgone.