§ Ms AbbottTo ask the Secretary of State for the Environment what investment packages are available to private sector investors in Hackney to create jobs and housing.
§ Mr. BaldryThe following DOE programmes are available in Hackney
City Challenge: £7.5 million over five years, to develop and improve the local business economy, develop the skills of local people and raise the quality and management of homes.Housing: Following the Chancellor's autumn statement, an additional £10.8 million for housing associations to purchase homes and provide cash grants to enable housing association and council tenants to move into owner occupation. The estate action programme has also been successful in drawing private sector investment into the refurbishment of council estates.City grant: The private sector in Hackney is able to bid for funding of individual projects.Hackney task force: Provides loans/grants of up to £5,000 to small and and start up businesses.Urban partnership funding: £125,000 for enterprise projects will lever in over £500,000 from the private sector as a result of this initiative.