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Cost Floor Regulations

Volume 113: debated on Friday 27 March 1987

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asked the Secretary of State for the Environment whether he has any plans to amend the cost floor regulations made under the Housing Act 1980 according to which any property built after 1974 cannot be sold at less than the cost of building; and if he will make a statement.

I shall answer this question shortly.

Source of aidCalendar Years (£ million net)1
19731974197519761977197819791980198119821983198419851986Total
European Regional Development Fund-quota6·28·46·517·121·732·524·847·345·163·054·959·5387·0
European Regional Development Fund non quota10·87·31·019·1
European Coal and Steel Community0·050·0251·929·72·9102·223·637·168·628·544·616·02405·2
European Investment Bank14·98·235·338·612·433·5196·614·40·713·123·113·247·1325·34494·2
European Social Fund2·73·55·04·57·94·66·89·91·82·924·51·53·35·284·1
European Agricultural Guidance and Guarantee Fund0·50·60·72·06·84·118·330·541·557·460·453·267·3343·3
Total17·6512·2299·081·931·7164·2252·8112·2126·4144·1194·7161·4158·5158·341,732·9
1 Figures are net of decommitments which have been effected in the event of approved projects not proceeding as originally envisaged.
2 Figures for 1985 and 1986 are not available.
3 Figures available only to end of June 1986.
4 Total also includes £17·9 million which is attributable to multi-regional projects spread out over a number of years since 1973.