§ Mr. WigleyTo ask the Secretary of State for Wales what is the estimated budget for the Welsh development agency for 1996–97; how much funding was generated by 629W the sale of Welsh Development Agency capital assets in 1994–95; and how much is forecast to be so generated in (a) 1995–96 and (b) 1996–97. [20249]
§ Mr. HagueThe agency's budget for its 1996–97 base programme has been set at £120 million. This will be increased by £6.8 million following my decision to transfer responsibility for urban investment grant to the agency. The agency also expects to attract £10 million of European regional development fund receipts to support projects additional to its base programme. The sale of capital assets generated £72.4 million in 1994–95 and is forecast to yield £75.0 million in 1995–96 and £68.0 million in 1996–97 for re-investment in the Welsh economy.