HC Deb 14 October 2002 vol 390 cc460-1W
Mr. Don Foster

To ask the Deputy Prime Minister how much(a) public and (b) private money has been invested in housing regeneration in each of the last five years. [69379]

Mr. McNulty

As regeneration is not limited to housing projects, details of expenditure cannot be broken down as requested.

Public funding for housing regeneration is provided through a variety of programmes. The Housing Corporation has a target for housing regeneration, which is 65 per cent. of Approved Development Programme (ADP) grant approvals for each year; in 2001–02 86 per cent. of approvals were for regeneration. Housing also plays an integral part in many specific regeneration programmes, such as New Deal for Communities.

Public funding for housing regeneration is also provided through local authority housing capital expenditure. However, this is not broken down to provide details of all regeneration expenditure. The following information is available from Housing Investment Programme returns:

1997–98 outturn 1998–99 outturn 1999–2000 outturn 2000–01 outturn 2001–02 planned
Of which:
Private sector renewal grants 310 319 321 293 288
Private sector clearance 22 22 19 30 40
Other (including disabled facilities grant) 136 152 160 206 240
Total Housing Capital Expenditure 2,366 2,511 2,418 2,777 3,448

Private sector funding for housing regeneration is levered in through a number of avenues, including through the private finance initiative (PFI), and through large-scale voluntary transfer (LSVT) of local authority housing. We have no overall figures for the level of private money invested in housing regeneration.