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Mr. Streeter
To ask the Secretary of State for the Environment what is the annual running cost of the Housing Corporation.
Mr. Baldry
The amount of grant in aid paid by my Department to the Housing Corporation for net running costs in 1992–93 was nearly £28 million. Expenditure during 1993–94 is expected to total just over £30 million, of which £2 million is for the second phase of the corporation's new information technology strategy.