§ Mr. Meacherasked the Secretary of State for the Environment what was the latest rate support grant payment to Oldham under the old formula; what is the estimated payment under the new formula; what are the equivalent figures for the area comprised by the new Oldham metropolitan district; and how these payments compare with rate support grant payments under both the old and new formulae in the case of all other towns with a population between 100,000 and 150,000.
§ Mr. Graham PageRate support grants payable to the county borough of Oldham for 1973–74 following the Rate Support Grant (Increase) (No. 2) Order 1973 are:
£ million Needs Element 5.326 Resources Element 2.404 Domestic Element 0.274 Under the proposed new formula the needs element payable to Oldham metropolitan district in 1974–75 will be £8.714 million at November 1973 prices. The resources element to be paid in 1974–75 will depend on the rates levied by the district; the 1974–75 domestic element has not yet been calculated.
305WInsufficient information is available to apply with a sufficient degree of accuracy the old rate support grant formulae to the new district, or the new formulae to the existing county borough, or to other boroughs and county boroughs of comparable size.