HC Deb 23 May 1994 vol 244 cc83-4W
Mr. Frank Field

To ask the Secretary of State for the Environment if he will list the total amount of moneys in the approved development programme since its inception at(a) cash prices and (b) current prices.

Sir George Young

Housing associations, funded through the Housing Corporation, are now the main providers of new social housing. Below is the total amount of moneys in the Housing Corporation's approved development programme, gross, in cash and current prices for each year since its inception in 1981–82.

Cash prices £ million Current (ie. 1993–94) prices £ million
1981–82 ADP 520.5 959.0
1982–83 ADP 755.3 1,300.2
1983–84 ADP 734.0 1,207.7
1984–85 ADP 696.7 1,090.5
1985–86 ADP 710.8 1,051.0
1986–87 ADP 714.7 1,023.6

Cash prices £ million Current (ie. 1993–94) prices £ million
1987–88 ADP 751.7 1,035.7
1988–89 ADP 791.3 1,028.2
1989–90 ADP 935.2 1,127.2
1990–91 ADP 1,062.7 1,168.4
1991–92 ADP 1,585.7 1,664.5
1992–93 ADP 1,780.2 1,810.9
HMP1 591.0 601.2
1993–94 ADP 1,859.2 1,859.2
Total 13,489.0 16,927.3
1994–95 ADP 1,514.9 n/a
1Housing Market Package

In addition, between 1987–88 and 1994–95 the approved development programme has levered in over £3.6 billion in private finance.