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Urban Development Corporations

Volume 76: debated on Monday 1 April 1985

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asked the Secretary of State for the Environment if, in respect of section 12 of the New Towns and Urban Development Corporations Act 1985 and schedule 31 to the Local Government Planning and Land Act 1980, he will state the amounts borrowed by each of the urban development corporations; and what is the upper limit in each case.

I refer the hon. Gentleman to "Accounts relating to issues from the National Loans Fund" for the years 1981–82 (HC 146 (1982–83) p. 76); 1982–83 (HC 159 (1983–84) p. 78); and 1983–84 (HC 106 (1984–85) p. 72). These accounts include a statement of cumulative grant paid as well as borrowing in relation to the financial limit then in force. There is no separate upper limit on borrowing.