London regeneration schemes get £16m boost
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The Homes and Communities Agency has handed out £16 million to get two London regeneration projects back on track.
The government body has allocated over £13 million to Clapham Park in Lambeth and £3 million to Hale Village in Haringey to keep work moving on the developments, which include affordable housing.
Hale Village is a £400 million regeneration scheme based around an urban village. It is intended to instigate wider regeneration of the area.
Clapham Park is a 3,000-home estate in south London. Here the HCA is working with Lambeth Council and housing association Clapham Park Homes to ensure its investment results in additional affordable homes.
The £16 million investment is on top of £93 million that the HCA handed out in March to get five other London regeneration projects moving. It was agreed by the London board of the HCA, which is chaired by mayor Boris Johnson.
He said: ‘Despite the economic downturn, it is vital that we keep investing in our city and improving our infrastructure. Investment like this will support and help our economy grow so that London is fighting fit to compete in the global market place when the upturn comes.’
Robert Napier, the chair of the HCA and vice chair of the London board, added: ‘The London “kick start” programme has already helped unlock more than 1,800 homes for Londoners across seven projects.’
The HCA is also running a £400 million national programme to encourage private-sector house building, which was announced in the Budget. More guidance on this is expected in the near future.
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