§ Mr. MeacherTo ask the Secretary of State for the Environment what has been the percentage of the total housing investment programme and resources allocated to estate action in each year since 1986–87.
§ Mr. Baldry[holding answer 5 May 1993]:Under the local authority capital finance system established in 1990–91, housing investment programme allocations represent an assessment of the relative need for housing capital expenditure, rather than a direct borrowing approval. Borrowing approval is conveyed by the single, all-service basic credit approval, augmented by allocations of supplementary credit approvals, where appropriate. In turn, local authorities finance their housing investment programmes from credit approvals and grant, from usable capital receipts, and from contributions from revenue budgets.
The table shows the resources allocated to the estate action programme each year since 1986–87, in total and as a percentage of total local authority housing capital allocations.
Estate action resources Estate action resources as a percentage of local authority housing capital allocations (£ million) 1986–87 45 3 1987–88 75 5 1988–89 140 9 1989–90 190 13 1990–91 190 10 1991–92 268 13 1992–93 347 118 1993–94 356 220 1 estimated outturn 2 plans