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27/03/2017

Funding boost for estate regeneration

Words: Laura Edgar
Costs / Shutterstock_195196565

Communities secretary Sajid Javid has announced that more than 100 housing estates will receive ‘significant investment’ to start their regeneration.

The £32 million Estate Regeneration Fund will be distributed to local authorities and housing associations across England to speed up the building of thousands of homes.

In total, 105 estates will benefit from the funding, which aims to help schemes in their early stages.

The government said that in Birmingham the money will be used to start discussions about the Meadway regeneration with local communities, while in Milton Keynes the money will be split between seven estates.

Javid said: “For too long a number of housing estates across the country have been areas characterised by low-quality homes and high social deprivation.

“This government is determined to have a housing market that works for everyone. That’s why we’re turbocharging the regeneration of these rundown estates, so they can thrive as communities.”

Housing and planning minister Gavin Barwell added that the regeneration of housing estates must be locally led. “It will help more ordinary working people have the security of a decent place to live.”

Former Prime Minister David Cameron last year pledged to transform 100 housing estates in Britain, along with £140 million loan funding to start the work.

In December 2016, Javid announced a new strategy and a further £32 million to regeneration rundown housing estates.

Local authorities and housing associations submitted bids for funding. Those that were successful include Aspire Housing, Gloucester City Homes, Newark & Sherwood District Council, South Oxfordshire District Council and Sheffield City Council.

John Cotton, leader of South Oxfordshire District Council, said: “This funding is a major boost for the regeneration project and for everyone’s ambitions for the area. We’ve been working very positively with the local community to help ensure we can meet the needs for existing and future residents.” 

Guy Ingham, director of development consultancy at GL Hearn, part of Capita Real Estate and Infrastructure, said this funding is the “clearest signal yet” from the government that the estates regeneration agenda remains a key priority.

“It is important now that local authorities are able to leverage this funding as best as possible – and to ensure that schemes are delivered in proper partnership with local communities and residents. The government’s Estates Regeneration Strategy lays out the key steps for local authorities to do this.”

The full list of successful bidders can be found here (pdf).

Image credit | Shutterstock

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