Hundreds of thousands of new homes will be built on derelict and unused land through a £1.8 billion package of investment to regenerate land and level up across the country, announced by the Chancellor in his Budget and Spending Review.
£300 million of locally-led grant funding will be awarded to Mayoral Combined Authorities and Local Authorities to unlock smaller brownfield sites for housing, promoting inner city regeneration and protecting the countryside.
Chancellor of the Exchequer, Rishi Sunak has said: “We are investing in better quality, safer, greener and more affordable homes to create thriving places where people want to live. One of my favourite pastimes is to go for walks in the park with my family, and I want to make sure everyone has green space on their doorstep to enjoy too. Transforming our unloved and neglected urban spaces will help protect our cherished countryside and green spaces, while improving the physical and mental health of our communities.”
A new £9 million Levelling Up Parks Fund that will enable Local Authorities to transform over 100 neglected urban spaces across the UK into ‘pocket parks’, providing small green oasis in built up areas, roughly the size of a tennis court, in built-up locations.
We warmly welcome any moves to ensure that urban regeneration is promoted in a sustainable way that greens our environment, fosters bio-diversity and improves the quality of life.