Posted 10.11.16
ResPublica: Article link
The Government has announced plans to regenerate 'sink' estates, with £140 million made available to support the regeneration of 100 estates.
A new report from 'think tank' ResPublica - Great Estates: Putting communities at the heart of regeneration - argues that more funding should be made available.
The report took account of 122 estates and concluded that the Government's approach to regeneration will not help poorer communities, where building new homes will not overcome the problems of long-term deprivation and house prices there are too low to attract investment.
However, it does conclude that improving employment outcomes in just 12 well-known estates could generate Government savings of at least £140 million by 2030.
A key recommendation is the creation of a new Estate Endowment Fund to attract social investment into regeneration.
