The government urgently needs to find extra money to support regeneration projects that will otherwise close because of the demise of the Single Regeneration Budget. That鈥檚 according to a report by the Urban Forum, the trade body representing regeneration practitioners.
Phasing out of the fund began in March 2001.

The forum said the problem was being exacerbated by the regional development agencies, which were supposed to have taken over responsibility for funding the schemes but had so far failed to do so.

Caroline Gaunt, joint author of Out of the SRB 鈥� Into the Pot, said: 鈥淩DAs said they were addressing these concerns, but when we talked to the SRB projects, none had been successful at gaining RDA funding.鈥�

The SRB was set up in 1994 and has since invested 拢5.7bn in 1027 projects.

Source

Housing Today

Postscript

Download the report at www.urbanforum.org.uk