The overall investment in housing has increased year on year up to and including 2006-07. There are a number of reasons why there was a reduction in the level of capital investment in council owned stock in 2006-07: reduced stock numbers; a separation of monies for private sector renewal from the funding stream that previously combined this funding with that for council housing stock; and the recommendations of regional assemblies on the allocation of available resources for new build affordable housing (including low cost home ownership schemes) and investment in existing stock.