The availability of industrial property is an important factor in attracting new business ventures to regional locations. In recent years, the private sector has been willing to take on this role in areas where there is a viable market for property and where there is a potential for economic gain. Three public sector Agencies are involved in the provision of industrial property for the purposes of achieving economic growth either nationally or in regional and peripheral areas. At the end of 1996, the Agencies were responsible for portfolios of industrial property with a book value of £274 million, comprising 2,200 hectares of land and 1.2 million square metres of factory space.