Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Housing, Communities and Local Government, how much has been spent on loan funding for estate regeneration since 2010.
Since 2010, the Government has spent £19 million on loan funding for estate regeneration. This has been paid to Notting Hill Genesis to support the regeneration of Grahame Park in Barnet. The total commitment to Notting Hill Genesis is £56 million.
A further three schemes have applied for a total of £47 million loan finance and are undergoing due diligence before final approval. We are also continuing to work with partners across the country to develop a pipeline of viable schemes for future funding.