HC Deb 24 February 1992 vol 204 c410W
Mr. Nellist

To ask the Secretary of State for the Environment what was the level of the housing investment programme allocation awarded to Coventry in each financial year since 1978–79; and what the damages amounted to in real terms.

Mr. Yeo

Housing investment programme (HIP) allocation and gross capital expenditure figures are as follows:

£ thousands
HIP allocation Gross expenditure1
cash value at 1991–92 prices cash value at 1991–92 prices
1978–79 12,225 33,164 12,020 32,608
1979–80 13,736 31,937 15,591 36,249
1980–81 10.551 20,731 9,832 19,318
1981–82 7,679 13,759 9,236 16,549
1982–83 12,247 20,485 13,436 22,474
1983–84 8,070 12,901 9,973 15,943
1984–85 8,941 13,612 11,148 16,972
1985–86 7,707 11,120 18,674 26,943
1986–87 8,288 11,577 14,794 20,665
1987–88 8,276 10,964 15,428 20,439
1988–89 8,990 11,112 19,507 24,112
1989–90 7,381 8,568 22,482 26,097
New capital finance system2
1990–91 9,820 10,507 11,702 12,521
31991–92 9,715 9,715 not available
1 Since 1981–82 local authorities have been able to augment the borrowing power of their HIP allocations by using the prescribed proportion of their capital receipts.
2 From 1990–91, under the new capital finance system, the HIP allocation does not convey borrowing approval directly. The allocation totals are the HIP allocation plus supplementary credit approvals for housing projects.
3 Provisional estimate of final allocation.

An initial HIP allocation of £10.2 million—£9.7 million at 1991–92 prices-has been issued for 1992–93 and additional resources-supplementary credit approvals—may be allocated later.