§ Mr. CummingsTo ask the Secretary of State for the Environment if he will list by year since 1985 the housing investment programme bid by Easington district council to his Department and the housing investment programme allocation for each of those years.
§ Mr. YeoThe table provides the information requested.
HIP bid HIP allocation £ thousands EA allocation 1985–86 17,420 4,525 — 1986–87 20,952 3,860 — 1987–88 n/a 3,632 — 1988–89 n/a 3,894 433,218 1989–90 24,417 3,197 391,988 New capital finance system1 1990–91 33,892 4,731 12,000 1991–92 33,137 25,585 393,000 1992–93 27,556 26,205 460,000 1Under the new capital finance system, introduced in 1990–91, the HIP allocation does not convey borrowing approval directly. 2These figures are not final. Additional supplementary credit approvals are expected to be issued in the course of each financial year. Since 1981–82 authorities have been able to augment the borrowing power of their HIP allocations by using the prescribed proportion of their capital receipts.