§ Mr. RichardsTo ask the Secretary of State for Wales what guidance he has given to the Welsh Development Agency in the preparation of its 1994 corporate plan; and whether he will set targets for the agency.
§ Mr. RedwoodI have today written to the chairman of the agency setting out the ways in which I expect the agency to contribute to the wider objectives of economic development in Wales. I have included targets for inward investment, the development of industrial and commercial floorspace, leverage for private sector investment, and the clearance of derelict land.
157WThere are changes to some of the targets following discussions with the chairman and the WDA board. I have also given the WDA a specific target for inward investment within its overall inward investment plans. I have arranged for a copy of the letter to he placed in the Library of the House.