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COUNCIL ESTATE ACTION SCHEMES BOOSTED BY 20% FOR 1993-4

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Thanks to the Capital Partnership arrangements announced at the end of 1992, local authorities have been able to in...
Thanks to the Capital Partnership arrangements announced at the end of 1992, local authorities have been able to increase their contribution to Estate Action and boost the number of new schemes in the 1993-94 programme by almost 20 per cent, Housing Minister Sir George Young announced today on publication of the 1992-93 Annual Report.

He also said an increase in last year's Estate Action budget of nearly 30 per cent to £348 million reflected the Government's commitment to improving run-down housing estates.

Sir George said the Estate Action resources available for 162 new schemes in 1992-93 will be matched over their life by local authorities' resources of over £290 million. In addition, these new schemes are expected to lever in some £360 million of private sector finance - a major contribution to investment in our housing stock.

The report shows that most of the 162 new schemes in 1992-93 featured physical and environmental improvements, including work to improve security, increase energy efficiency and remodel buildings or estate layouts. Over 90 per cent involved improvements to housing management arrangements and over 30 per cent included proposals to set up an Estate Management Board or Tenant Management Co-operative. Two-thirds of the schemes also involved disposal of land or property and three-quarters featured some form of enterprise initiative.

The report summarises the links between Estate Action and other programmes or policies and includes progress reports on Housing Action Trusts and the Design Improvement Controlled Experiment (DICE).
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