DCLG has published a prospectus which outlines how developers can bid for a share of a £150m loan fund to invest in kick-starting and accelerating the radical regeneration of some of the country’s most deprived social housing estates.
Projects that look to completely transform these estates could receive a share of the funding, with the aim that schemes will increase the numbers of properties available, improve the quality of the properties and create more potential for private investment.
London Mayor Boris Johnson said: ‘Many of our estates date back to the 1960s and it is high time that they received a new lease of life’.
