Communities and Local Government
A selection of images representing communities.
Direct contact 020 7944 4400- contactus@communities.gov.uk
- Housing
- Housing supply
- Housing market renewal
- Funding market renewal
Funding market renewal
By 2008 the Government will have invested around £1.2bn in the Housing Market Renewal Fund, with around a further £1bn expected for 2008-2011. The Fund is used to finance capital investment in the housing market and supporting infrastructure that other regeneration programmes have not been able to make on a strategic and long-term scale.
In addition to market renewal funding, the pathfinders draw on a wide range of other funding streams from local authorities, the Housing Corporation and other public bodies, as well as significant investment from private sector sources.
The pathfinders submitted updates on their strategy and project plans when they applied for the latest round of funding for years 2006-2008. These updates were assessed by the Government and the Audit Commission before funding allocations were announced. The nine pathfinders received a total of 300m in 2006-2007 and have been allocated £373m for 2007-2008.
In June 2006, the Secretary of State, Ruth Kelly announced a further £46m of investment for areas with fragile housing markets outside of the pathfinders. The areas are West Yorkshire, West Cumbria and Tees Valley.
Energy performance certificates for new homes
Read about our guidance on energy performance for new homes.
