§ Sir David MadelTo ask the Chancellor of the Exchequer (1) what was the total value of funds attracted to the former business expansion scheme in each year for construction-related investments; and if he will list by category how many buildings were constructed or are still under construction;
(2) how many dwellings were built in each year or are still being built, as a result of the business expansion scheme, for the provision of housing in the privately rented market.
§ Mr. DorrellAvailable information is in the table. This relates to BES investments in companies in the construction industry and the numbers of new lettings from investments in private renting companies.
480W
Year Investment in construction companies (£ million) Number of new lettings1 1983–84 7 — 1984–85 7 — 1985–86 10 —
Year Investment in construction companies (£ million) Number of new lettings1 1986–87 12 — 1987–88 17 — 1988–89 2 6,400 1989–90 neg 3,100 1990–91 1 5,700 1991–92 neg 9,300 1992–932 neg 24,000 1993–942 neg 28,000 1 Estimates rounded to nearest 100. 2 Provisional.