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Dept of the Environment Transport and the Regions

Answer

Ms Oona King: To ask the Secretary of State for the Environment, Transport and the Regions how much has been spent from the Single Regeneration Budget on (a) building new social housing, (b) renovating existing social housing and (c) private sector renovation schemes; and how much matching funding from other sources has been put into SRB schemes to be spent on (i) building new social housing, (ii) renovating existing social housing and (iii) private sector renovation schemes in each Regional Development Agency area for each year since the SRB was introduced. [93298] Mr. Meale: The Single Regeneration Budget (SRB) currently funds over 500 (Rounds 1-4) regeneration schemes managed by local partnerships. A large number of these are likely to have multiple objectives, and cover a wide range of activities depending on local regeneration needs and priorities. It is not possible to break down expenditure to say how much has benefited one objective, therefore no information is available on the amount spent on building new social housing or on renovating social or private sector housing. There is no specific matching funding requirement for SRB bids but partnerships are encouraged to maximise the leverage of private sector investment and funding from other public spending programmes. In the four Rounds to 31 March 1999, it is estimated that the total lifetime SRB allocation of £3.4 billion will lever in around £7.6 million of private sector investment over the same period.

Secondary information

Type

Written question

Reference

93298; 336 c349W

Session

1998-99

Subjects

Construction Housing Finance Expenditure Housing improvement Private sector Social rented housing Regional development agencies Single regeneration budget

Contains statistics

Yes