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Housing

Volume 458: debated on Monday 12 March 2007

To ask the Secretary of State for Communities and Local Government what the (a) total public subsidy and (b) contributions through (i) capital grants, (ii) gifts of land, (iii) dowries and (iv) gap funding made available to registered social landlords have been since 1997; and what amount this represents per home. (105273)

Capital grant is the major form of public subsidy provided to registered social landlords (RSLs). The following table shows the capital grant provided to RSLs in 2005-06, and the other public subsidy associated with the grant payments.

£ million

Total public subsidy

1,929

Capital grant

1,795.4

Gifts of land

Not available

Dowries

1

Gap funding

3.9

1 On dowries provided as part of a large scale voluntary transfer I refer my hon. Friend to the answer given on 8 January 2007, Official Report, column 370W. We do not hold figures nationally. Details of dowry payments made are matters between the local authority and the registered social landlord.

The average grant per unit of a social rented scheme allocated through the Housing Corporation's affordable housing programme in 2005-06 was around £62,000. A further average £700 was provided through other public subsidy for these schemes.

In 2005-06 the Department entered into five new gap funding arrangements with registered social landlords who received negative value housing stock under large scale voluntary transfer arrangements. The 2005-06 gap funding payments of £3.9 million averaged £510 per property transferred to those five RSLs in that year. A total of 19 large scale voluntary transfers were completed in 2005-06.

Information on the average grant per RSL home funded by English Partnerships funding is not available.