The £140 million Estate Regeneration Fund is designed to accelerate and improve estate regeneration schemes through recoverable investments, helping to boost housing supply and improve the quality of life for residents in estates across England.
The funding is available over 5 years from 2016 to 2021. The prospectus sets out the criteria and requirements and seeks bids from private sector entities (including housing associations registered as providers of social housing) taking forward schemes that improve or deliver additional homes, are fundamentally viable, and carry the support of local communities and local authorities.
We have also made available £30 million of enabling capital grant funding to assist local authorities and housing associations registered as providers of social housing in the early stages of estate regeneration schemes. This funding is available for the 2016 to 2017 financial year and can be used to help landowners at the early stage of estate regeneration proposals with, for example, feasibility studies, viability assessments, masterplanning, community engagement and partner or procurement advice.
In addition, we have made available £2 million revenue funding to local authorities to help build commercial skills and capacity in delivering estate regeneration. This funding is available for the 2016 to 2017 financial year.
Organisations can submit their bids via the Homes and Communities Agency partner portal at partners.hca-online.org.uk and guidance is available on this page.
The deadline for bids for enabling and capacity building grant funding is 31 January 2017.