Housing Federation calls for simplified regeneration funding

A new fund combining a number of existing revenue streams is
required to provide a sustainable approach to regeneration,
according to the National Housing Federation, writes
Amy Taylor.

The federation has warned that the creation of sustainable
communities is being hindered by an “inefficient and
confusing” system of regeneration funding.

There are currently at least 64 separate revenue sources for
regeneration in England administered by a range of government
departments. The federation has called for the creation of a
Neighbourhood Challenge Fund to combine some of the funding streams
across government departments.

It says that the new fund would be easier to access and would
ensure a more joined-up and sustainable system of regeneration
funding.

The federation has also called on the government to develop more
long-term commitments to regeneration. Two, three and five-year
funding schemes are just “quick fixes” for deprived
areas that have been neglected for years, it said.