Public Works Loan Board: Housing Revenue Accounts

(asked on 26th May 2021) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Housing, Communities and Local Government, since the 2012 debt settlement, how much principal has been repaid to the Public Works Loans Board by all Housing Revenue Accounts (HRAs); how much interest has been repaid to the Public Works Loan Board by all HRAs; and what the overall debt of all HRAs is.


Answered by
Christopher Pincher Portrait
Christopher Pincher
This question was answered on 7th June 2021

The Public Works Loan Board provides loans to local authorities, rather than specifically to Housing Revenue Accounts (HRA). How this is attributed within the local authority, any interest incurred and repaid, is a treasury management decision taken locally by individual authorities.

The Department does collect data on total housing debt as represented by the HRA Capital Financing Requirement. The closing HRA debt for 2012-13 was £26,722,259 million, falling to £25,954,009 million by the close of 2019-20, the latest year for which we have data.

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