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

    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.

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