§ Mr. Austin Mitchell
To ask the Deputy Prime Minister what funds and on what basis are paid to Pathfinder housing renewal programmes; how this changes the finance available for(a) registered social landlords and (b) finance councils; and what the effects are of such changes in each region. 
§ Keith Hill
A Market Renewal Fund has been created which will provide an additional £500 million across the nine pathfinder areas over the three year period 2003–04 to 2005–06.
Funding will be performance related throughout and agreed in negotiation with each pathfinder on the basis of their strategic schemes. The schemes are subject to Independent Scrutiny by the Audit Commission.
Funding will be used for the additional housing action needed to address the most acute areas of low demand. Projects will include demolitions, new building and refurbishment and will be chosen or commissioned by the pathfinder on the basis that they support the strategic objectives for their area. This may include projects delivered by RSLs, LAs and other delivery partners.728W
The Market Renewal Fund is in addition to other finance available to registered social landlords and local authorities from existing funding streams.
The effect of this funding is to support the additional costs of tackling the most acute areas of low demand. These areas could not be tackled at the scale and pace necessary within the constraints of existing funding streams.