To ask the Secretary of State for the Environment what sums have been allocated to the city of Manchester for the housing improvement programme in each of the last 10 years in (a) cash terms and (b) adjusted for inflation.
Since 1981–82 local authorities have been able to augment the borrowing power of their housing investment programme—HIP—allocations by using the prescribed proportion of their capital receipts. Manchester city council has made substantial use of receipts to fund capital expenditure over this period. HIP allocations and gross capital expenditure for the last 10 years were:
| £ thousands | ||||
| HIP allocation | Gross expenditure | |||
| Cash | 1991–92 prices | Cash | 1991–92 prices | |
| 1982–83 | 53,430 | 89,370 | 52,453 | 87,736 |
| 1983–84 | 44,528 | 71,182 | 50,770 | 81,160 |
| 1984–85 | 40,499 | 61,656 | 70,700 | 107,635 |
| 1985–86 | 36,050 | 52,013 | 46,564 | 67,183 |
| 1986–87 | 29,227 | 40,826 | 49,555 | 69,222 |
| 1987–88 | 31,555 | 41,805 | 83,268 | 110,316 |
| 1988–89 | 29,234 | 36,135 | 93,109 | 115,089 |
| 1989–90 | 21,005 | 24,382 | 110,426 | 128,180 |
| New Capital Finance System1 | ||||
| 1990–91 | 52,153 | 55,804 | 52,783 | 56,478 |
| 21991–92 | 53,900 | 53,900 | not available | |
Notes:
1 From 1990–91, under the new capital finance system, the HIP allocation does not convey borrowing approval directly.
2 Provisional estimate of final allocation.
An initial HIP allocation of £34·9 million—£033·4 million at 1991–92 prices—has been issued for 1992–93 and additional resources—supplementary credit approvals—may be allocated later.