Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, if he will create a fund for local authorities and housing associations to invest in the regeneration of existing housing stock.

The Autumn Budget 2017 announced additional funding of £400 million recoverable loan finance for estate regeneration schemes. A fund of £290 million of recoverable loan has previously been made available. Also, in March 2017 we allocated £32 million of grant to 105 estates. The priorities for the programme are to:

• support the creation of additional, high-quality housing by enabling the densification of estates (where appropriate) through the better use of space and design;
• create better places to help tackle the social disadvantage and deprivation associated with many existing estates.