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Castle Court Development, Belfast

Volume 130: debated on Wednesday 30 March 1988

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To ask the Secretary of State for Northern Ireland how much public finance is being allocated for the building of the Castle Court development in Belfast, and what percentage this figure is of the total cost.

[holding answer 28 March 1988]: The Government have offered support of up to £10 million to John Laing Developments Ltd. towards the cost of the Castle Court project. This represents 18·18 per cent. of the estimated total development cost of £55 million. The £10 million will support a profit level of up to 15 per cent. of development costs. After this point the Government will share the profits equally with Laings.