Over 100 housing estates are to benefit from the allocation of
£32 million from the Government's Estate Regeneration Fund.
The £140 million loan fund was announced last year and is
designed to cover costs such as land assembly, leaseholder
buy-outs, re-housing costs, demolition, and preparatory
construction works. The fund was announced alongside the
Estate Regeneration Strategy developed by the Estates
Regeneration Advisory Panel, co-chaired by the Housing Minister and
The Estate Regeneration Strategy offered a blueprint for
regenerating estates, providing advice and guidance to help improve
and speed up development. In addition to the £32 million released,
£140 million in loan funding is available over the length of this
Parliament to encourage investment in regeneration from the private
Local authorities and housing associations were invited to
submit bids for the funding and were assessed by a joint panel of
the Department for Communities and Local Government and the Homes
and Communities Agency.
A total of 105 estates will benefit from the funding to up
regeneration schemes in their early stages and help address
problems that hold up projects and give access to skills to ensure
high-quality regeneration. The allocation of funding varies
enormously from £50,000 to Wolverhampton City Council up to
£2.371million allocated to Haringey Council.
Details are set out in a map of the estates across the country which
are set to benefit from the funding, and a list of the local authorities and housing
associations who will benefit from the fund.