Friday, 9 July 2010

CLG Saving £12 million for Pathfinders

The government has confirmed that it is safeguarding more than £12 million of growth funding for pathfinders. In a letter sent to pathfinder leaders, officials at the CLG said there would be no cuts to their growth funding. The department has also given more details on how it will implement a £50 million cut to housing market renewal funding, which was announced last month. As part of a consultation on the cuts, the CLG has suggested each pathfinder will lose 16 per cent from its HMR budget. Alistair Graham, director of the Oldham Rochdale pathfinder, said: ‘It is a relief to know that no more funding will be cut, but we desperately need to know what our allocation is. ‘We are trying to avoid entering into any new commitments ever since they first told us about the £50 million cut.’ Read more on Inside Housing.

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