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Gasworks Redevelopment

Volume 451: debated on Tuesday 7 November 2006

To ask the Secretary of State for Communities and Local Government what the total cost to public funds has been of the redevelopment of the Old Gasworks site at the corner of Harford Street and Ben Jonson Road, London E1; and what contributions have come from each source of public funds in each relevant year. (97406)

The Department for Communities and Local Government has provided public funding for the development in the form of social housing grant via the Housing Corporation to provide over 500 new homes of mixed tenure, being developed by two Registered Social Landlords (RSLs)—Newlon Housing Trust and East Thames Housing Group. The total social housing grant agreed by the Housing Corporation is £24,824,911, with the remainder of the funding for this housing programme coming from the RSLs' own reserves. A total of £16,625,925 of this has been paid to date: £7,549,212 in 2003-04, less £24,105 reclaimed in 2004-05 and £9,100,818 in 2005-06.

In addition to the above, £12,350 of New Deal for Communities money has been spent on undertaking feasibility work relating to the potential development of a multi-purpose community facility, incorporating key Primary Care Trust activities, along with facilities for training, employment and enterprise activities. This breaks down to £12,075 in 2005-06 and a further £275 in this financial year.