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Government announce £32million allocations for estate regeneration 30/03/2017

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 Government's Estate Regeneration Strategy developed by the Estates Regeneration Advisory Panel, co-chaired by the Housing Minister and Lord Heseltine.


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 sector.


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.

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