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Advance Factory Units

Volume 958: debated on Thursday 16 November 1978

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asked the Secretary of State for Industry what are the instructions given to district valuers in arriving at selling prices of advance factory units built by his Department, or under their auspices; and if such instructions include any requirements to take into account the use of such factories to attract new companies to an area on the creation of new jobs.

The function of the district valuer is to arrive independently at the open market value for advance factories owned by my Department. Regional incentives for the occupiers of these factories such as rent-free periods, regional development grants and assistance under section 7 of the Industry Act 1972, are dealt with by my Department as separate matters.