Regeneration funding
Single Regeneration Budget
The Single Regeneration Budget (SRB), which began in 1994, brought together
a number of programmes from several Government Departments with the aim
of simplifying and streamlining the assistance available for regeneration.
SRB provides resources to support regeneration initiatives in England carried
out by local regeneration partnerships. Its priority is to enhance the quality
of life of local people in areas of need by reducing the gap between deprived
and other areas, and between different groups. It supports initiatives that
build on best practice and represent value for money.
SRB partnerships are expected to involve a diverse range of local
organisations in the management of their scheme. In particular, they should
harness the talent, resources and experience of local businesses, the
voluntary sector and the local community. SRB is now administered by the
Regional Development Agencies (RDAs) in each region of England, and they
should be contacted for more information.
New Deal for Communities
New Deal for Communities (NDC) is a key programme in the government's
strategy to tackle multiple deprivation in the most deprived neighbourhoods
in the country. The problems of each area will be unique, but partnerships
must address five key issues:
·
Worklessness and poor prospects;
·
Improving health;
·
Tackling crime;
·
Raising educational achievement; and
·
Housing and the physical environment.
The programme is delivered through partnerships formed between local
people, community and voluntary organisations, public agencies, local
authorities and business. The best initial point of contact for more
information would be the local authority economic development team.
Neighbourhood Renewal Fund
The Neighbourhood Renewal Fund (NRF) aims to enable the 88 most
deprived authorities in England to improve services, narrowing the gap
between deprived areas and the rest of the country.
NRF can be spent in any way that will tackle deprivation in the most deprived
neighbourhoods. It is the intention of government that where service quality
is at risk or requires improvement, funding should be devoted to mainstream
services, such as schools, provided that the funding benefits the most
deprived areas. Grants can be used to support services provided not only by
local authorities, but also by other organisations.
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