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Industrial Premises (Development)

Volume 35: debated on Monday 17 January 1983

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asked the Secretary of State for Industry if he is satisfied with arrangements to encourage the development of new industrial premises and the expansion of existing sites.

Our economic and fiscal policies are designed to encourage the developments to which my hon. Friend refers. Investors in new premises may be eligible for the industrial buildings allowance, increased under this Government, and financial assistance is available under the Industry Act. The specific 100 per cent. IBA for new and converted small workship units has tripled the supply of small premises since its introduction.