§ Mr. GapesTo ask the Secretary of state for the Environment what were the(a) standard spending assessment and (b) single regeneration budget bids from the London borough of Redbridge for 1995–96; what was the value of the settlement given; and how much Redbridge will receive.
§ Mr. CurryThe revenue support grant settlement for 1995–96 will be the subject of a report to the House. Under the proposals announced by the Secretary of State on 1 December 1994, the standard spending assessment for the London borough of Redbridge would be £176.167 million. Total external support would be £134.553 million, including £87.766 million revenue support grant and £46.786 million business rate income.
No final bids were received from the London borough of Redbridge for funding from the single regeneration budget.