The Department for Communities and Local Government (DCLG) has requested expressions of interest from parties who want to be involved in the administration’s new estates regeneration programme, with £140m available to target 100 estates around.
DCLG writes:
A panel chaired by Lord Heseltine is already considering how to foster partnership models of estate regeneration and will be preparing a report by the Autumn Statement.
To be eligible for the initiative schemes must deliver regeneration through the redevelopment of existing social housing estates.
Development vehicles should be private sector bodies or joint ventures to allow scope for the involvement of public bodies and the use of public sector funding.
Ultimately schemes should deliver a net increase in new housing supply and be ‘value for money’ according to the prospectus just published.
