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National plan to boost estate regeneration
As part of a new blueprint for regenerating deprived housing estates, Communities Secretary Sajid Javid has announced additional funding to revitalise rundown estates.
£32 million of new funding is being made available, on top of £140 million from the estate regeneration fund, to transform local neighbourhoods and deliver high-quality housing.
Councils, housing associations and developers can now bid for a share of the government investment, and also gain advice on transforming areas from a new national strategy, which has been developed by an independent advisory panel, chaired by Lord Heseltine and the Housing and Planning Minister Gavin Barwell.
The strategy covers: resident engagement and protection; a good practice guide; alternative approaches to regeneration; plus case studies illustrating examples of design and quality, along with community engagement.
The £32 million additional grant funding includes £30 million for enabling work such as feasibility studies, viability assessments, masterplanning, community engagement and partner or procurement advice, and £2 million for local authority capacity building to support estate regeneration work.
The £140 million loan fund was initially announced in January, and is designed to cover costs such as land assembly, leaseholder buy-outs, re-housing costs, demolition, and preparatory construction works.
Javid, said: “Rundown estates offer huge potential to become new thriving communities providing homes, jobs and opportunities and places that work for everyone.
“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.”
Barwell added: “The funding we are providing will help kick-start a renaissance for those estates that face tough challenges and have often been overlooked. 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.”
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