HC Deb 10 November 2003 vol 413 cc156-7W
Mr. Dobson

To ask the Deputy Prime Minister whether the capital funding allocated to Arm's Length Management Organisations for housing refurbishment is treated in the same way in Government Accounts as capital supplied for the same purposes by local authorities. [136969]

Keith Hill

Capital resources for housing refurbishment investment is currently provided to Arms Length Management Organisations and local authorities through credit approvals, a permission to borrow up to a certain limit. These approvals are supported, as required, by subsidy payments through the Housing Revenue Account (HRA).

Credit approvals are not shown within central Government Accounts as they do not reflect cash transactions between Central and local Government. Subsidy paid within the HRA is shown within the Office of the Deputy Prime Minister's Resource Accounts.

Capital resources that are secured through borrowing, or provided for separately, by local authorities would be identified within their own accounts.