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Inner Cities Unit

Volume 124: debated on Monday 14 December 1987

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To ask the Chancellor of the Duchy of Lancaster on what basis he estimates a 1: 1·6 public-private sector leverage ratio for his Department's inner cities unit.

My estimate of a 1: 1·6 public-private sector leverage ratio for our inner cities initiative set out in my answer of 24 November at columns 151–52 relates to those projects supported by our inner city task forces which also include a financial contribution from the private sector. In these cases we estimate that every £1 from our inner cities initiative has attracted £1·60 from the private sector.I regret that my previous answer of 24 November 1987 did not make it clear that that estimate was not an estimate of the public-private sector ratio over the inner cities initiatives as a whole.