Bids for the third round of arm's-length management organisations totalled 拢1.6bn 鈥� an increase of 拢100m on the amount indicated in April when councils initially expressed an interest
The total represents the largest bidding round for ALMOs to date. It involves 14 local authorities and 225,000 homes.

Round-two bids totalled 拢1.16bn.

The Office of the Deputy Prime Minister will now assess each bid before outlining the allocations ALMOs will receive when they achieve the two-star rating required for ALMO status.

The ODPM has set aside 拢700m for allocation to ALMOs in rounds three and four in 2004/05 and 2005/06.

The bids were: Barnet, 拢89m; Camden, 拢282m; Easington, 拢111m; Gateshead, 拢232m; Harrow, 拢12m; High Peak, 拢9m; Islington, 拢157m; Milton Keynes, 拢74m; Newcastle, 拢348m; Poole, 拢28m; Sheffield, 拢145m; Solihull, 拢63m; South Lakeland, 拢21m; Warrington, 拢38m.

Source

Housing Today