§ Mr. BayleyTo ask the Secretary of State for the Environment if he will update his answer to the hon.292W Member for Birkenhead (Mr. Field) of 14 April 1993, Official Report, column 530, on the total cost of the enterprise zone scheme. [40767]
§ Sir Paul Beresford[holding answer 31 October 1995]: Approximate costs in 1995–96 prices are given in the table.
£ million Year Capital allowances(1)(2) Rates relief(3) 1981–82 28 11 1982–83 26 22 1983–84 21 26 1984–85 34 35 1985–86 88 45 1986–87 81 61 1987–88 50 78 1988–89 134 88 1989–90 95 114 1990–91 104 107 1991–92 17 78 1992–93 16 37 1993–94 — 26 Notes:
All figures are adjusted to 1995–96 prices.
1 The method of calculating capital allowance costs has been revised by the Inland Revenue and is subject to continuing review. The estimated costs incurred in 1993–94 are not yet known.
2 The basis for estimating capital allowances has been substantially revised by the Inland Revenue. This has required an updating of the data in the earlier answer.
3 The cost of rates relief from 1990–91 is based on estimates following the introduction of the uniform business rate.