Green Growth Wales »The proposed Green Growth Wales fund aims to increase and accelerate projects to deliver green investment in Wales.Learn more »
New figures show a big rise in the number of affordable homes in Wales
The Welsh Government is on course to meet its ambitious target of providing 10,000 additional affordable homes by May 2016.
- International tourism to Wales increasing
- Regeneration is central to tackling poverty and encouraging economic growth, says Minister at national summit
- New figures show a big rise in the number of affordable homes in Wales
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Section highlightHousing (Wales) Act 2014The Act introduces significant improvements across the housing sector to ensure that people have access to a decent, affordable home and better housing-related services.
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An annual report which includes information by type of service and local authority.
- In 2014-15, total capital forecast expenditure as reported by Welsh local authorities, including police, fire and national park authorities is £1,211 million. This represents a year on year increase of £109 million or 10%, mainly due to a forecast increase in unsupported borrowing and a reduced forecast in the previous year.
- Unitary authorities report an increase of £130 million or 13% in their capital forecast expenditure to £1,144 million. Police report a decrease of 29% in their capital forecast expenditure to £45 million, while fire authorities show a decrease of £1 million to £21 million over the previous year.
- Education services account for 26% of the total capital forecast expenditure, housing services 22% and planning and economic development 14%.
- 56% of the funding for this expenditure is from authorities own internal financing. The remaining 44% is in the form of external support, mainly from the Welsh Government in grants and supported borrowing.
- The unsupported borrowing element of internal financing is forecast to increase by £83 million or 29% to £371 million over the previous year.
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