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How much
funding is available?
Originally, £100 million was to be made available for up
to 900 new homes to be built for social housing rent
with no minimum or maximum scheme size. In addition to
this funding, the Government has now added a further
£240 million (as announced in the Building Britain's
Future, 29th June 2009), bringing the total funding for
this initiative to £340 million for 2009/10 - 2010/11.
The investment pot will not be regionally split.
What are the timescales involved for the £340 million?
Who can bid?
The
Newbuild Challenge Fund
is for open to bids from
Local
Authorities that
are either approved
investment partners already, or are new bidders.
Bids will not be accepted from
Arms Length Management Organisations (ALMOs)
directly, although a Local Authority could, if it
wished, use its ALMO to undertake the development
work.
Is
there a 'sustainable homes' requirement?
The minimum level homes need to be produced to is Level
3 of the Code For Sustainable Homes. However,
bidders have been strongly encouraged to achieve Level 4
or above, as this is part of the bid assessment process.
Scottish Local Authorities to
build homes again
How much funding is available?
The
original Local Authority Kick-Start Fund announced by
the Scottish Government at the end of last year, has
been doubled to £50 million, and is expected to produce
well in excess of 2000 new homes.
Has the programme started yet?
976
properties have just been given the go ahead, as the
first tranche of £17 million has been awarded to 14
Local Authorities. £33 million remains available.
Detailed expenditure plans / timescales are available
from Focal Research,
for
individual Local Authorities and Registered Social
Landlords,
covering New Build, Refurbishment &
Maintenance for the whole of the U.K.
Please call our Sales Director, Rob Norcott on 01297
22626 for an appointment. |
