Councils vie for £172 million estate regeneration fund

December 8, 2016 / Isla MacFarlane
Councils vie for £172 million estate regeneration fund

A new government strategy and additional funding has been announced by Communities Secretary Sajid Javid.

As part of a new blueprint for regenerating deprived housing estates, an additional £32 million of new funding is now available, along with £140 million from the estate regeneration fund.

It means that councils, housing associations and developers can now bid for a share of £172 million of government investment to transform local neighbourhoods and deliver high-quality housing.

They will also get advice on transforming areas from a new ‘national strategy’ to address common challenges that can stop projects, such as resident protection concerns or finding the necessary finance.

The new national strategy was developed by an independent advisory panel, chaired by Lord Heseltine and the Housing and Planning Minister Gavin Barwell. “The funding we are providing will help kick-start a renaissance for those estates that face tough challenges and have often been overlooked,” said Barwell. “I’d urge communities keen to rejuvenate their places to join together, apply for funding and make use of the national strategy to drive forward their local-led proposals.”

“Rundown estates offer huge potential to become new thriving communities providing homes, jobs and opportunities and places that work for everyone,” added Javid. “That’s why we’re determined to ensure the success of regeneration projects through the national strategy to transform the lives of thousands of people by delivering better homes in better estates.”

Lord Heseltine said, “The national strategy puts residents at the heart of reshaping their estates, working with local authorities and developers. Estate regeneration must be locally-led and this strategy sets out blueprints for success, to help guide the progress and provide aspiration for delivering tangible plans.”

The strategy has guidance that covers:

  • resident engagement and protection – this includes a model residents’ charter to help ensure a better standard of resident protection;
  • good practice guide – steering schemes through all the key stages including the range of finance options available;
  • alternative approaches to regeneration – providing advice on community led housing development;
  • case studies – illustrating and highlighting examples of design and quality, along with community engagement.

PHOTO CREDIT: Chris Whippet

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