§ Lord Gainford
asked Her Majesty's Government:
When the Urban Regeneration Agency will be established.
§ Baroness Denton of Wakefield
The Leasehold Reform, Housing and Urban Development Act 1993 gave statutory authority for the establishment of the Urban Regeneration Agency. The agency will be launched on 10th November. Parliamentary approval to the new expenditure will be sought in a Winter Supplementary Estimate for the Urban Aid and Derelict Land Reclamation, England Vote (Class VII, Vote 3). Pending that approval, urgent expenditure estimated at £9 million will be met by a repayable advance from the Contingencies Fund.