Question reference: S3W-01095
- Asked by: Bob Doris, MSP for Glasgow, Scottish National Party
- Date lodged: 14 June 2007
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Current status: Answered by Stewart Maxwell on 27 June 2007
Question
To ask the Scottish Executive whether the public money, including any interest accrued on such money, that was provided to Glasgow Housing Association for the building of new social rented housing was ring-fenced for that purpose at point of transfer and, if so, whether it will continue to be so ring-fenced.
Answer
I have asked Angiolina Foster, Chief Executive of Communities Scotland, to respond. Her response is asfollows:
At the point of stocktransfer, Scottish ministers entered into a legal agreement with Glasgow HousingAssociation to provide £113 million between 2004 and 2009 to build new rented homes.GHA draws down the grant in line with its new build programme. The £113 millionis ring-fenced in the sense that, under the terms of this agreement, it can onlybe used to deliver GHA’s new build programme. The terms and conditions of any arrangementto provide grant beyond March 2009 will be for Scottish ministers to consider.