§ Sir Michael NeubertTo ask the Secretary of State for the Environment what plans he has to encourage new investment in town and city centres.
§ Mr. Curry[holding answer 18 May 1994]: Through our planning policy guidance and other publications, we are encouraging vital and viable town centres in which developers will want to invest. Success is likely to depend on partnerships bringing together the relevant public agencies and residents, retailers, property owners and investors to develop a positive strategy.
In addition, one aim of the city challenge initiative is to make city and town centres more attractive to businesses and residents. Town centre redevelopments are a significant element in approximately a third of city challenge partnerships. They should attract nearly £350 million in private sector investment to city and town centres.
The single regeneration budget can also support local proposals including measures which further encourage investment in town centres.