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Written question asked by Martin Salter (Labour) on Tuesday, 11 December 2001, in the House of Commons. It was due for an answer on Thursday, 13 December 2001. It was answered by Nick Raynsford (Labour) on Thursday, 13 December 2001 on behalf of the Department for Transport, Local Government and the Regions.

Dept for Transport Local Government and the Regions

Question
Statement on if he will announce details of the capital allocations to local authorities through the single capital pot for 2002-03. - Includes figures and fact that detailed tables have been placed in Library. Housing authorities will today receive details of their housing allocations and a copy of these has also been placed in the Library (Dep 01/1792).
Answer

Mr. Salter: To ask the Secretary of State for Transport, Local Government and the Regions if he will announce details of the capital allocations to local authorities through the single capital pot for 2002-03. [23034] Mr. Raynsford: I am today announcing the first all-purpose capital allocations to local authorities through the single capital pot for 2002-03. A total of £2.3 billion will be provided in this first year of the pot. This is more than double the amount authorities received last year in basic credit approvals (BCAs). Today's announcement reflects the substantial increases in public resources provided for local government investment in Spending Review 2000 and demonstrates our real commitment to delivering first rate public services. These funds will not be ring-fenced for any particular capital investment. While the pot is made up of allocations from housing, transport, education and health budgets, councils will be free to make their own decisions about investing their capital funds locally. This delivers to councils more autonomy and flexibility to invest according to the priorities of the local community. The single capital pot also includes a new discretionary element. Five per cent. of the total resources available through the pot have been distributed to authorities on the basis of their performance in delivering the relevant services and the quality of their strategic asset management planning. Its purpose is to encourage and reward the effective use of a council's physical assets and new capital investment in supporting delivery of quality services and achieving better value for local people. Detailed tables, showing the total service allocations and the discretionary allocations for each authority, have been placed in the Library of the House. These include allocations that form part of the local transport capital settlement announced today. In parallel, housing authorities will today receive details of their housing allocations and a copy of these has also been placed in the Library.

Secondary information

Type
Written question
Reference
376 c1023-4W; 23034
Session
2001-02
Subjects
Capital investment Finance Local government
Contains statistics
Yes
Link
View this Written question on www.publications.parliament.uk