Privatisation Of Industrial Property Assets Of The Welsh Development Agency

EDM number 291 in 1993-94, proposed by Rhodri Morgan on 15/12/1993.

That this House condemns the wholesale disposal of ú75 million of Welsh Development Agency industrial assets announced not to this House but through the obscurest of public information channels, namely the Supplement to the Official Journal of the European Communities of 8th December (239/63); is concerned that following such a huge asset sale, the Welsh Development Agency will be in no position to assemble an effective competitive package of industrial incentives including land and factory buildings for would-be investors in Wales in the future, as it will not own enough land and factory buildings; notes that even the very process of privatisation of these industrial property assets is being privatised, through the call for tenders to act as private property management services contractors for the marketing and negotiation of the disposals of these assets; and believes this to be an example of not merely selling the family silver, but selling the sideboard with it as well.

This motion has been signed by a total of 25 MPs.