News: £25m for housing regeneration in South Yorkshire

Housing Minister Iain Wright has confirmed that almost £25.5m will be made available in the next financial year through the Homes and Communities Agency to help regenerate local housing markets and restore confidence in communities in South Yorkshire. Iain Wright said: "The Pathfinders scheme is making a big difference in transforming local communities and housing markets in areas in need of regeneration. We remain committed to the programme - we are investing more than £2bn in those areas over 10 years. "Pathfinders have built up significant intelligence on housing markets in their areas, and this will prove invaluable in helping to stimulate the local economy." Director of Investment and Renewal at the HCA, Richard Hill, said: "HMR Pathfinders are the best means for leading the response to tough housing market conditions in their locations. They are well placed to do this and we have seen significant achievements already in areas such as obtaining better value for public money, supporting first time buyers, investing in neighbourhood management and developing asset backed joint ventures." In December it was announced that South Yorkshire would share more than £9m under the government's Growth Points scheme. The fund is to be received over the next two years to help build 49,230 more homes than previously planned by 2016.

South Yorkshire Growth Point website
Rotherham