ABSTRACT
This chapter describes the way in which government funding relates to the property industry and explains the reasoning for public, private and voluntary provision. It demonstrates how funds are distributed and shows how funds are generated for settlement and community development. Issues on the allocation of centrally held funds to the regions, counties and other tiers of local government hinge on such matters as: the appropriateness of the formulae used to allocate funds to local populations. The Chancellor of the Exchequer determines general level of government expenditure in the light of on-going and forthcoming approved departmental programmes. An area of particular interest and concern to those in the property industry is the tax base. The chapter highlights public sector funding of infrastructure projects and buildings in the public sector and the voluntary sector’s property which is partly public funded, eg housing through the Housing Corporation.
