§ Mr. Austin-WalkerTo ask the Secretary of State for the Environment what estimate he has made of the likely reduction in private funding in housing through the private finance initiative as a result of the reduction in funding to housing associations announced in the recent Budget. [4334]
§ Mr. Clappison[holding answer 5 December 1995]: An estimate of the private finance which is expected to be attracted by the Housing Corporation's approved development programme will be available in late January, when the programme has been finalised.
§ Mr. BettsTo ask the Secretary of State for the Environment how much capital expenditure is forecast to be included in the private finance initiative for the current financial year and the next five financial years. [3825]
§ Sir Paul BeresfordThe projected figures for the years 1995–96 to 1998–99 are set out in the table. Estimates for subsequent years are not yet available.
Year Forecast private finance (£ billion) 1995–96 4.5 1996–97 6.0 1997–98 6.0 1998–99 5.0
§ Mr. BettsTo ask the Secretary of State for the Environment if he will list for each scheme so far agreed under the private finance initiative(a) capital and (b) revenue costs (i) under the PFI and (ii) estimated to have been incurred had the scheme been wholly funded within the public sector. [3820]
§ Sir Paul BeresfordThe Department of the Environment and its sponsored bodies attracted around £4 billion in private investment in support of its programmes in 1994–95 and expects to increase that figure in 1995–96. This will assist the delivery of a very large number of projects, most notably ones relating to housing, inner cities and regeneration. It is not practicable for the Department to collect detailed information on each project being advanced under private financing arrangements.