§ Mr. Alfred MorrisTo ask the Secretary of State for the Environment what is the total sum allowed for local authority credit approvals for housing investment in 1996–97; what were the figures for each of the last three years; and if he will make a statement. [15483]
§ Mr. ClappisonThe total sum allowed for local authority credit approvals in England for housing investment in 1996–97 is £789 million. The figures for the previous years are given in the table.
Year Local authority credit approvals (£ million) 1993–94 (outturn) 1,120 1994–95 (outturn) 872 1995–96 (estimated outturn) 869 The figures exclude credit approvals for the estate action scheme, which has been subsumed into the single regeneration budget. The scheme has been grant funded since 1995–96. The supplementary credit approvals issued to provide cover for specified capital grants are also excluded.