This massive investment will be made available over the next two years to tackle weak and failing housing markets. It will be shared between 'Urban Living', the Birmingham Sandwell market renewal pathfinder programme, which will receive £50 million, and 'Renew North Staffordshire', which will receive £30 million.
The investment is aimed at reversing the spiral of social and economic decline that has driven residents away from pathfinder areas and creating thriving, sustainable communities, where people want to live. Over the next two years, the West Midlands will benefit from:
- A new approach to housing management for 20,000 homes including the introduction of neighbourhood wardens, environmental improvements and improved access to green spaces
- The refurbishment of nearly 2,000 homes
- The demolition of nearly 700 obsolete homes
- The purchase of 300 empty homes
- 200 additional acres for redevelopment or green space
Jeff Rooker said: "The government is committed to creating sustainable communities that are cleaner, safer and greener. The funding I have announced today is a huge step forward for the Midlands in achieving just that.
"For some years, these areas have suffered from weak housing markets and associated social problems. Our funding will start to turn this around by providing high quality housing in a safe environment, with access to good local services and green spaces. These are vital in creating thriving communities and attracting new residents and new business.
"Decent housing is the foundation upon which thriving neighbourhoods are built. It is an important part of ensuring everyone in the Midlands has a home they can be proud of, in an area they want to live in."
The £80 million new funding announced today is in addition to the £4 million market renewal funding allocated to the each of the two pathfinders last year for programmes of early action.
