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818611
registered interest false more like this
date less than 2018-01-08more like thismore than 2018-01-08
answering body
Department for Communities and Local Government more like this
answering dept id 7 remove filter
answering dept short name Communities and Local Government remove filter
answering dept sort name Communities and Local Government more like this
hansard heading Local Government: Borrowing more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government why local authorities can borrow from the Public Works Loan Board to buy commercial property but not to fund the construction of social housing. more like this
tabling member printed
Lord Myners more like this
uin HL4488 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-16more like thismore than 2018-01-16
answer text <p>Under the Local Government Act 2003, local authorities have the freedom to borrow and invest, without government consent, provided that their borrowing is affordable. This is known as the Prudential Framework. Local authorities can borrow from the Public Works Loan Board to fund the construction of social housing. However, this is only where they have headroom to do so under the Housing Revenue Account borrowing caps and provided that any such borrowing is prudential.</p><p>We have listened to local authorities who asked for additional borrowing to build more housing. We recently announced that we will raise the Housing Revenue Account borrowing cap by a total of up to £1 billion in areas of high affordability pressure for local authorities who are ready to start building new homes. Local authorities will be able to bid for increases in their caps from 2019-20 to 2021/22.</p><p>This will complement measures to support local authorities to build more homes through a longer term rent deal that provides a stable investment environment to deliver new homes. This is alongside an additional £2 billion to deliver more affordable housing for social rent in areas of acute affordability pressure. This will help to deliver the new generation of council house building which the Prime Minister announced recently.</p>
answering member printed Lord Bourne of Aberystwyth more like this
question first answered
less than 2018-01-16T17:53:43.607Zmore like thismore than 2018-01-16T17:53:43.607Z
answering member
4282
label Biography information for Lord Bourne of Aberystwyth more like this
tabling member
3869
label Biography information for Lord Myners more like this
92788
registered interest false more like this
date less than 2014-10-13more like thismore than 2014-10-13
answering body
Department for Communities and Local Government more like this
answering dept id 7 remove filter
answering dept short name Communities and Local Government remove filter
answering dept sort name Communities and Local Government more like this
hansard heading Coastal Areas: Regeneration more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government how they assess the success of their 2010 "Strategy for seaside success"; and whether they have further proposals in this field. more like this
tabling member printed
Lord Myners more like this
uin HL2024 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-10-22more like thismore than 2014-10-22
answer text <p>The Strategy was issued by the last Government and called on third parties to do something about the challenges facing coastal towns. In contrast to this top-down strategy which relied on distant and unaccountable regional government to facilitate ideas, we have focused on empowering local communities.</p><p> </p><p>This Government recognises the economic and social challenges faced by coastal and seaside communities and is committed to making them better places to live, work and visit. That is why we set up the Coastal Communities Fund. This has provided £62 million in grants to 114 projects across UK, levering in £96 million of other funding and delivering over 8,600 jobs, 3,300 training places and over 400 new business start-ups.</p><p> </p><p>We have given communities the means to take control and act in the best interests of their local area through a wide toolkit of powers, options and incentives to help drive growth and jobs. As part of the Growth Deals announced in July we have committed over £500 million to projects put forward by Local Enterprise Partnerships to improve economic competitiveness in coastal areas and, also in July, the Parliamentary Under Secretary of State for Communities and Local Government (Penny Mordaunt) was appointed Minister for Coastal Communities, to help them realise their potential and build a sustainable future for themselves.</p>
answering member printed Lord Ahmad of Wimbledon more like this
question first answered
less than 2014-10-22T15:38:36.9072437Zmore like thismore than 2014-10-22T15:38:36.9072437Z
answering member
4210
label Biography information for Lord Ahmad of Wimbledon more like this
tabling member
3869
label Biography information for Lord Myners more like this