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Estate Regeneration Receives Cash Advance

by Paul Addison on March 28, 2017 No comments

Local authorities and housing associations throughout England will receive portions of the £32 million Estate Regeneration Fund with the aim of accelerating thousands of homes being built.

Aiming to help schemes in the primary phase, roughly 105 estates will be aided from the £32 million.

Several estates in Milton Keynes will be receiving money, and in Birmingham, the money will be utilised with the aim of commencing conversation with the locals and communities about the Meadway regeneration.

Javid had the following to say:

“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.”

According to Gavin Barwell, the Housing and planning minister, the regeneration of housing estates must be locally led, explaining;

“It will help more ordinary working people have the security of a decent place to live.”

Last year (2016), it was vowed by David Cameron that with £140 million loan funding to initiate the work, 100 housing estates across Britain will be ‘transformed’.

A new policy was announced by Javid in December 16 which said that an additional £32 million will be going to the renewal rundown housing estates across the UK.

Offers for the funding were presented by Local authorities and housing associations. 

Some of the authorities and associations who were successful are listed below:

  • Aspire Housing,
  • Gloucester City Homes,
  • Newark & Sherwood District Council,
  • South Oxfordshire District Council,
  • Sheffield City Council.

The leader of South Oxfordshire District Council, John Cotton, said the following:

“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.”  

The director of development consultancy at GL Hearn, (part of Capita Real Estate and Infrastructure), Guy Ingham, has said that the funding is the “clearest signal yet” that the ‘estates regeneration agenda’ is of the upmost importance to the government, saying the following:

“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.” 

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Paul AddisonEstate Regeneration Receives Cash Advance

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