Tim Farron – 2016 Parliamentary Question to the Department for Communities and Local Government

The below Parliamentary question was asked by Tim Farron on 2016-03-03.

To ask the Secretary of State for Communities and Local Government, with reference to the Prime Minister’s announcement of 10 January 2016, Prime Minister pledges to transform sink estates, how the figure of £140 million relating to the redevelopment of 100 sink estates was calculated.

Brandon Lewis

I refer the hon. Member to my previous answer to him on 29 February, PQ 28338. The £140 million loan fund was determined as part of the Spending Review. The new fund will be used to lever in private sector funding to enable estate regeneration, and will be able to be drawn down alongside other supportive Government programmes. Under the right conditions some schemes could be self-financing.