New regeneration strategy welcome but more funding needed
Gavin Smart, deputy chief executive of CIH, has welcomed the additional funding announced in the government's regeneration strategy but says more will be needed for regeneration to reach its potential to deliver the homes we need.
Gavin Smart, deputy chief executive of CIH, said:
“It’s good to see that government is maintaining its focus on boosting regeneration as a key means of meeting housing need and the additional £32 million of grant funding to kick start projects is a positive step. Alongside the £140m of previously announced funding this will help new regeneration schemes to begin work.
“Our research on regeneration has demonstrated how vital up-front funding is to ensure these large scale projects are a success and for that reason we still believe funding on a significantly greater scale will be needed to realise the huge potential for regeneration to transform communities and deliver the new housing we so desperately need.
“We hope that this is just the start of a long-term commitment to put regeneration at the heart of the government’s efforts to tackle our housing crisis.”