§ Mr. SwinneyTo ask the Secretary of State for the Environment, Transport and the Regions if he will list the total value of financial assistance packages, including tax and rates relief, offered to companies in enterprise zones in(a) the City of London, (b) Docklands, (c) London, (d) the South East of England, (e) England and (f) total in the last year for which figures are available. [30169]
§ Angela EagleThe only Enterprise Zone in London was the Isle of Dogs Enterprise Zone designated 26 April 1982 and de-designated on 25 April 1992. The only Enterprise Zone in South-East England was North West Kent designated 31 October 1983 and de-designated on 30 October 1993 with an extended area designated on 10 October 1986 and de-designated on 9 October 1996. The total value of financial assistance packages, including tax and rates relief, offered to companies in Enterprise Zones in 1991–92 (the last full year of the Isle of Dogs Enterprise Zone) was as follows:
£,000 Type of financial assistance Docklands(Isle of Dogs EZ) SE England (NW Kent EZ) England EZs (21) All EZs (28) Rate revenue foregone 28,100 3,900 62,405 69,796 Note:
The estimated net cost to Exchequer of capital allowances in EZs in Great Britain November 1991-November 1992 was £15 million. A breakdown of this figure between individual EZs is not available.
The total value of financial assistance packages, including tax and rates relief, offered to companies in Enterprise Zones in 1996–97 (the last year for which figures are available) was as follows:
£000 Type of financial assistance SE England (NW Kent EZ) England EZs (6) All EZs (8) Rate revenue foregone 1,423 5,175 8,094 Exchequer cost of capital allowances 0 9,321 11,215 Total 1,423 14,496 19,309