To ask the Chancellor of the Duchy of Lancaster what sums were spent by English Estates North on new factory building in the financial years 1986–87 and 1987–88; what sum is projected for 1988–89; and how many square metres of additional factory space become available in each year.
Expenditure by English Estates on behalf of the Department of Trade and Industry and the Rural Development Commission in the north-east and Cumbria in the last two financial years was as follows:
1986–87
- Expenditure £19·1 million
- Floorspace completed 19,384 square metres
1987–88
- Expenditure £25·0 million
- Floorspace completed 75,335 square metres
Estimated figures for 1988–89 are as follows:
- Expenditure £18·0 million
- Floorspace completed 20,000 square metres
Note.
The bulk of expenditure for a particular project often falls in a different year from the one in which the project is completed. There is no direct correlation therefore, between the level of expenditure and the volume of floor space completed in a financial year.