Written question asked by Ed Balls (Labour) on Thursday, 15 December 2011, in the House of Commons. It was due for an answer on Tuesday, 20 December 2011. It was answered by Danny Alexander (Liberal Democrat) on Wednesday, 11 January 2012 on behalf of the Treasury.
Britain Building Investment Fund
- Question
- (2) what (a) assumptions and (b) methodologies underlie the profile of the costings shown for the Get Britain Building investment fund in (i) 2012-13, (ii) 2013-14 and (iii) 2014-15.
- Answer
-
[holding answer 20 December 2011]: The Get Britain Building investment fund will support building firms in unlocking the finance needed to get builders back to work. The programme will operate by making direct investments in specific projects through loans or taking equity stakes.It is anticipated that the fund will invest £260 million and £160 million in England in 2012-13 and 2013-14 respectively. Taking funding for the devolved Administrations into account, the investments in 2012-13 and 2013-14 will be £310 million and £190 million respectively. The time profile reflects the anticipated build programmes of supported projects.Funding has been made available by the Government for this programme on the basis that it yields a return. It is forecast that £5 million and £50 million of receipts will be generated by these investments in 2013-14 and 2014-15 respectively.
Secondary information
- Type
- Written question
- Reference
- 87773; 538 c300W
- Session
- 2010-12
- Subjects
- Construction Housing
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-20 03:08:02 +0000
- URI
- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1660535
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- In Solr
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