Funding of capital expenditure (chart 15)
40. In 2016-17 thirty-eight per cent (£260m) of the funding for capital expenditure was from borrowing, 29% came from the Housing Revenue Account (CFCR) (£197m) , whilst 12% (£79m) came from capital grants from the Scottish Government. Councils raised around £122m of capital receipts from asset sales in 2016-17.
41. As noted earlier the provision to end RtB - with a two year notice period - was included in the Housing (Scotland) Act 2014 and the scheme subsequently closed to all new applicants on 31 July 2016. However, they can also come from sales of housing land following demolition, or voluntary sales to private individuals and businesses and other parts of the wider public sector and transfers of small groups of properties to housing associations or transfers of HRA assets to other parts of the Local Authority.
Chart 15: Funding of ALL captial expenditure, Scotland, 2016-17
Scottish Governnment - Capital Return from Local Authories
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