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25 Oct 2007 : Column 514Wcontinued
2006-07 | 2007-08 | |||
London authority | Revenue | Capital | Revenue (allocation s to date) | Capital (allocation s to date) |
The following table contains the level of funding allocated direct to voluntary sector agencies in London over the last five years as an overall figure and not by each London constituency:
Funding to London voluntary organisations | |
Funding (£) | |
Mr. Pickles: To ask the Secretary of State for Communities and Local Government what research has been commissioned by (a) Housing Market Renewal Pathfinders and (b) her Department into property speculation in Pathfinder areas earmarked for demolition. [157496]
Mr. Iain Wright:
As part of an ongoing national evaluation of the market renewal programme by Ecotec commissioned by the Government, a paper on buy-to-let activity was published in March 2007:
National Evaluation of Housing Market Renewal Pathfinders: Thematic Paper: Buy-to-Let Housing Market in the HMR Pathfinders.
The thematic paper identified an increase in private investor activity within pathfinder areas since the implementation of the housing market renewal strategy. The emergence of this group of investors has had the impact of diversifying the structure of ownership within pathfinder areas. Commitment to the area has remained strong with the Association of residential Letting Agents (ARLA) reporting in 2004 that nearly two-thirds of respondents expected to hold their stock for at least 10 years and less than 10 per cent. would sell if house prices were to fall.
We and the pathfinders will continue to review market conditions as a fundamental part of establishing strong housing markets across pathfinder areas.
Mr. Pickles: To ask the Secretary of State for Communities and Local Government how much housing renewal grant funding was allocated to the demolition of properties in each Pathfinder area in each year since 2004-05; and what the estimated figures are for (a) 2007-08 and (b) 2008-09. [157677]
Mr. Iain Wright: The following table provides information on the amount of housing market renewal grant funding spent on the demolition of properties in 2004-05, 2005-06 and 2006-07 as well as estimates of the likely spend in 2007-08. It is not yet possible to provide an estimate of spend on demolition for 2008-09. These figures cover costs relating directly to the demolition of properties and not their acquisition. To date funding under the Housing Market Renewal programme has delivered 10,000 demolitions and 40,000 refurbishments.
HMRF spent on demolition (£000) | ||||
2004-05 | 2005-06 | 2006-07 | 2007-08 estimates | |
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