§ Miss KirkbrideTo ask the Secretary of State for the Environment, Transport and the Regions how much more of its own reserves Bromsgrove district council will be permitted to spend on council house improvements in the current financial year and in each of the next three years under the terms set out in the Local Government Finance (Supplementary Credit Approvals) Bill. [14762]
485W
§ Mr. RaynsfordThe Local Government Finance (Supplementary Credit Approvals) Act 1997 provides for a local authority's set-aside capital receipts to be taken into account when Supplementary Credit Approvals are distributed. The Act underpins the Government's Capital Receipts Initiative under which Bromsgrove District Council is entitled to receive Supplementary Credit Approvals to the value of £188,000 in 1997–98, and £564,000 in 1998–99. These resources may be used to support housing and housing associated regeneration works. In the first instance, however, it is for individual councils to decide on priorities in their area. Longer-term funding arrangements under the Initiative are being considered in our Comprehensive Spending Review.