Skip to main content

Right to Buy Scheme

Volume 495: debated on Tuesday 30 June 2009

To ask the Secretary of State for Communities and Local Government for what purposes revenue collected from Right to Buy receipts in each of the last three years has been allocated. (282628)

I refer the hon. Member to the answer given on 2 June 2009, Official Report, columns 457-58W.

The housing receipts (including Right to Buy) surrendered to the Exchequer are not hypothecated to specific policy areas but, together with other resources, contribute towards the overall fiscal package within which departmental public expenditure programmes are agreed as part of the spending review process.

Receipts retained by Communities and Local Government (CLG) are used to support its housing and planning capital programme expenditure. The following table sets out the elements of CLG housing capital programme in the last three years, and the housing receipts (including Right to Buy) received by CLG.

£ million

2008-091

2007-08

2006-07

Housing receipts received by the Department

160

694

839

Housing expenditure

Major repairs allowance

1,241

1,277

1,311

Regional housing pot: LA supported capital expenditure allocations

272

288

340

ALMO supported borrowing allocations

896

926

782

LSVT gap funding

123

79

32

Affordable housing programme: capital investment

2,625

2,029

1,921

Disabled facilities grant

146

127

121

Regional housing pot: private sector renewal: capital grants

347

437

388

Housing market renewal

356

370

315

1 Figures for 2008-09 are current estimates.