Friday, 25 November 2011

Shapps Pledges £71 Million to End Legacy of 'Ghost Streets'

Housing Minister Grant Shapps has announced the allocation of more than £71 million to help families trapped in half-empty and abandoned streets, which he claims is a direct consequence of a controversial regeneration scheme introduced in 2002. The new fund will help tackle the 'ghost streets' across the Midlands and the north of England left behind by the Housing Market Renewal Pathfinder programme. Mr Shapps announced that 13 projects in the worst hit areas will receive a cash injection to help their local communities. These areas originally bid for a share of a £30 million fund that they would then match - but the minister said that an extra £5.5 million had been added to ensure that every street or block with more than half its properties lying vacant would feel the benefit. The money is being provided on the basis of pound-for-pound matching locally. Read more on 24dash.

No comments: