Industrial Development (Financial Assistance) Bill

Part of the debate – in the House of Commons at 4:54 pm on 24 February 2003.

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Photo of Andrew Lansley Andrew Lansley Conservative, South Cambridgeshire 4:54, 24 February 2003

I appreciate that the Minister is not announcing any new schemes under section 8 today, but the explanatory notes to the Bill specifically refer to the urban post office network reinvention programme, which costs approximately £450 million. Am I correct that that money has not yet been spent and that, for three years, it creates a much higher rate of expenditure under section 8 than in the recent past?