§ Mrs. BrookeTo ask the Secretary of State for Transport, Local Government and the Regions how many council tenants in England have taken advantage of cash incentive scheme payments in order to buy a home in the private sector in 2000–01; what restrictions there are on the amount of grant that may be made available in(a) Poole and (b) London and the South East; and what the maximum amount of grant allowed is, as a proportion of average house prices in (a) and (b). [14375]
§ Ms Keeble827 Cash Incentive Scheme grants have been made to council tenants in England in 2000-01 to buy their own home.
The maximum grant in Poole is £10,000 which equates to around 7 per cent. of average house prices in the area.
The maximum grant payable in London and the south east is 80 per cent. of the average Right to Buy Discount in the authority in question. The limit on the overall RTB discount in those regions is £38,000. 80 per cent. of the £38.000 is £30,400. This equates to around 20 per cent. of average house prices in London and the south east.