§ Mr. CorbynTo ask the Secretary of State for the Environment if he will state the housing investment programme bids received, and the agreed level of programme, by his Department for each of the last 10 years.
§ Mr. YeoThe table compares local authorities' bids with the capital allocations, which provide part of the available resources to fund capital expenditure, and actual outturn.
166W
Local authority housing capital expenditure: England: £ million Proposed programme HIP allocation1 Gross expenditure outturn 1982–83 3,480 2,192 2,483 1983–84 3,560 2,233 3,176 1984–85 4,480 1,852 3,187 1985–86 4,870 1,605 2,802 1986–87 5,420 1,459 2,883 1987–88 6,040 1,400 3,151 1988–89 6,650 1,331 3,470 1989–90 6,330 1,095 34,442 1990–91 6,500 21,913 N.A. 1991–92 36,020 21,861 N.A. 1 For the years up to 1989–90 Housing Investment Programme allocations made by the Department relate to the borrowing approvals available to local authorities to finance their housing capital programmes. In addition capital expenditure could be
financed from capital receipts (subject to certain conditions) and from revenue sources. A new capital finance system was introduced for 1990–91 in which the HIP allocations comprise annual capital guidelines and resources for specified capital grants. A proportion of local authorities' usable receipts are then taken into account in arriving at a figure for the basic credit approval which permits borrowing. 2 Allocations made to date for these two years. 3 provisional.