‘Deprived areas need single fund’

    A new fund which combines revenue streams is needed to provide a
    sustainable approach to regeneration, says the National Housing
    Federation.

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

    There are at least 64 separate revenue sources for regeneration in
    England administered by a range of government departments.

    The federation says a new Neighbourhood Challenge Fund would be
    easier to access and would ensure a more joined-up and sustainable
    system of regeneration funding.

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

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