£50m plan unveiled to regenerate borough
Tuesday 16th March 2010, 9:37AM GMT.
About £50 million is to be invested in Telford & Wrekin over the next three years to help boost regeneration and house building in the town.
Housing developments which have slowed down or stalled because of the recession will be amongst those to benefit from the funding plan from Telford & Wrekin Council and the Homes and Communities Agency.
The pair yesterday became the first in the region to launch the joint Local Investment Plan – Recovery, Regeneration and Growth.
It sets out a range of priorities for the two bodies to work together to achieve from 2010 to 2013 and the plan will be key to helping to stimulate recovery in the borough.
It includes investment in key housing sites, including Lawley, Lightmoor and the Telford Millennium Community in Ketley.
Also unblocking smaller “stalled” developments and pushing forward regeneration of key areas, through housing initiatives in Sutton Hill and Woodside, while supporting the housing-led regeneration of Dawley.
More affordable homes would also be built in Newport and rural areas.
The partners believe that the plan could unlock a further £68 million of public investment, bringing the total investment created by the partnership to about £120 million.
Councillor Eric Carter said: “One of this council’s key priorities is regenerating this borough.”
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They have slowed down or stalled because there is no demand for the new houses, especially with unemployment in the town still rising. It is ridiculous to throw money at this new housing until the whole economy recovers.
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I agree with rob. And why should council tax-payers money be spent on bailing out greedy house builders? In good times, they had us all over a barrel, charging top whack for their box houses.
They feasted in the good times, now they should go hungry in the lean times. Throwing money at them will merely encourage the building of estates and ghettoes such as Woodside and Brookside which, even after a relatively short time, now need millions spent again to “regenerate” them.
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