Thursday, 27 April 2017

CLG to meet 10 market renewal bodies to help find wind-down funding

Hunt for funding to help pathfinders shut up shop

Housing market renewal pathfinders have been given the chance to secure wind-down funding following the government’s decision last year to end the programme.

The Communities and Local Government department has organised meetings with the 10 pathfinders to find ways of accessing cash to cover their closing down costs, including redundancy payments and shutting offices, a spokesperson confirmed. Bridging Newcastle Gateshead, due to close in April, has appealed for £15 million to help it wind down.

The pathfinder’s chiefs will use a meeting in the next few weeks with Henry Cleary, deputy director of the CLG’s housing and growth programme team, to argue for a specific wind-down fund. Possible alternative sources of funding include Whitehall’s £1.4 million regional growth fund and the Homes and Communities Agency’s affordable rent programme.

BNG predicts it will cost between £10 million to £15 million to safeguard the £224 million invested in its work. ‘There must be recognition of the exit costs and that they bear most on those areas having greatest multiple deprivation,’ a letter to housing minister Grant Shapps from both councils’ leaders said.

A spokesperson for the CLG said: ‘The department wrote to councils in December offering them the opportunity to meet with the HCA and officials to discuss the potential for other forms of funding in renewal areas.’

Readers' comments

Comments are only open to subscribers of Inside Housing

Already a subscriber?

If you’re already a subscriber to Inside Housing, your subscription may not be linked to your online account. You can link your subscription from within the My Account section of the website and clicking on Link My Account.

Not yet a subscriber?

If you don't yet subscribe to Inside Housing, please visit our subscription page to view our various subscription packages.

Have your say

You must sign in to make a comment

sign in register


Newsletter Sign-up



  • Trafford strikes £275m funding deal

    24 January 2017

    A Manchester-based housing association has struck a new £275m funding deal with two banks and two institutional investors, replacing a previous £145m facility.

  • Wheatley to help veterans with bankers' fines

    16 January 2017

    The largest housing association in Scotland has received almost half a million pounds raised in fines from bankers to help house homeless veterans.

  • Government extends Forces Help to Buy

    5 October 2016

    The government will extend an ownership scheme for the Armed Forces for a further two years.

  • Rentplus secures £20m funding deal

    17 August 2016

    For-profit housing company Rentplus has secured a further £20m of funding as it looks to deliver 5,000 Rent to Buy homes by 2020.

  • NHF consults on supported housing funding

    25 May 2016

    The National Housing Federation (NHF) has asked housing associations if the resources of councils and government departments should be pooled to fund some care and support services.

IH Subscription