§ Mr. IngramTo ask the Secretary of State for the Environment if he will list the value of industrial and commercial assets transferring over the last five years from(a) Milton Keynes development corporation to Milton Keynes borough council, (b) Peterborough development corporation to Peterborough city council and (c) Telford development corporation to The Wrekin council.
§ Mr. BaldryDuring the last five years, the former Milton Keynes development corporation has transferred industrial and commercial assets with an estimated open market value of £16,661,000 to Milton Keynes borough council and the former Telford development corporation has transferred industrial and commercial assets with an estimated open market value of £26,184,000 to The Wrekin council. In both cases, these transfers took place in order to generate the rental income streams required to cover the maintenance costs of the community facilities, open spaces, and other community related assets being transferred to the respective councils at the same time. There have been no subsequent transfers of industrial or commercial assets to these local authorities from the Commission for the New Towns.
The Peterborough development corporation was wound up in September 1988, since when there have been no transfers of industrial or commercial assets to Peterborough city council from the Commission for the New Towns.