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Isle Of Dogs

Volume 84: debated on Tuesday 22 October 1985

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asked the Secretary of State for the Environment if he will estimate, in terms of current rate poundage, the approximate amount of money that will need to be paid to the local authority each year in lieu of rates forgone in respect of each million sq ft of commercial development occupied before 1992 in the scheme for Canary wharf in the Isle of Dogs enterprise zone.

The proposed development is at a very early stage and it is not yet possible to estimate the rateable value, and hence the amount of rates that will be forgone because of its location in an enterprise zone.