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£1bn For Housing Market Renewal 'pathfinders'

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'£1 billion is to be distributed to revitalise the housing market in key areas, the Government has today announced.

Up to £54million a year will be made available to each of the twelve "Pathfinder" areas over the next three years, under the housing market renewal programme.

Merseyside, East Lancashire, Manchester Salford, South Yorkshire and North Staffordshire are each set to receive more than £100million over the three years.

Housing Minister Iain Wright said:

"The Housing Market Renewal Programme has been vital for restoring confidence in some of the most disadvantaged areas of the country. This substantial funding, together with increasing investment from the private sector and support from local authorities and others, will help the market renewal areas take forward their ambitious programmes to bring real change to places which only five years ago were facing decline and abandonment.

"This is a long-term programme, and there is still much work to do. The Pathfinder scheme has already made great progress in these areas, and this money will help bridge the gaps that still remain."

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Residents in the Bensham area of Gateshead are kicking up a storm about the Pathfinder project up here.

The houses/flats are very late 19C - classic Victorian terraced housing. Very nice too although the area could do with a bit of a makeover in parts.

Average cost of a makeover is said to be £10-15,000 per building. The residents want to stay there. But, Nanny knows best and is knocking them down, paying the homeowners 10% above market value (whatever that is now post credit crunch) and building identikit shitblocks instead.

Whilst the Pathfinder may have had laudable aims, its implementation seems a bit fooked, to say the least.

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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