The Government has announced that it is throwing the kitchen sink at “sink estates” in order to address the fundamental problems that come with these areas. These are well versed but crime-afflicted, dysfunctional buildings which are costly to maintain do little to solve our housing crisis.
Will £140 million do very much in practice to deal with the issue which David Cameron has focused on? On a simple pro rata analysis, this equates to £1.4m across 100 housing estates if the monies are distributed equally.
Any money is welcome, but we would argue that is a drop in the ocean when taking into account the costs involved in regeneration.
Our experience shows that regeneration schemes are fraught with problems which are ultimately costly. Taking our pro rata calculation, it is unlikely that this funding will make much of a dent in the actual costs of demolition. There are however a host of other issues which affect the successful delivery and ultimately fundable costs of regeneration. So what will affect the successful regeneration of these areas aside from purely identifying them for demolition?
We do agree that there should be a focus on regeneration but to ensure successful delivery the Government should look at the real costs of regeneration and provide subsidy which eases the process through.
In addition, a focus on regeneration will rightly bring about change but it won’t deal with the wider housing crisis, because it won’t deliver the numbers required to deal with the chronic under supply.
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