Regeneration requires different approach


The way funding is made available to promote regeneration needs to change because it can more than prove its economic return, according to a new report.

The report, commissioned by the Chartered Institute of Housing (CIH), Sheffield Hallam University's Centre for Regional Economic Social Research (CRESR) and Poplar HARCA, calls for changes to be made in the way regeneration funding is provided.

While the £140 million loan fund announced by the Prime Minister earlier this year is welcome, CIH believes it will not be sufficient to deliver the scale of change desired by Government.

There also needs to be more flexibility around funding, the report says - loan funding can play a useful role in getting schemes off the ground, but in many areas some grant funding will also be required. If only loan funding is available, this may not be enough to support schemes in parts of the country where housing and land costs are lower. 

To read the rest of this story please see the Sheffield Hallam University Media Centre

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