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Funding guide to aid regeneration

A new guide is being published today to enable developers to get hold of public funding for regeneration projects.

Millions of pounds of public funding streams for new homes and regeneration projects are currently available, but developers are not always sure how to access this money.

Published by the British Property Federation (BPF) and Davis Langdon, ‘Funding regeneration: a guide to maximising public sector grants’, simplifies the funding maze that deters many developers taking advantage of the wide variety of grants that are available.

Property companies of all sizes often find regeneration funding too complex to deal with, which means that many well intentioned projects can’t get off the ground.

Numerous financial incentives exist that could suit a wide range of regeneration projects. There are loans, awards, tax incentives, capital allowances, private finance initiatives, grant and gap funding, and many more. The abundance of opportunities and funders can be confusing, hence the need for an easy-to-follow guide that allows developers and consultants to see the scope of available funds.

Ken Dytor, chairman of the BPF’s regeneration and development committee, said:

“It is hard to know what funding is relevant for a proposed development and where to begin looking for this money. This guide takes you through the basic steps of how to apply successfully for the right public sector funding, it lists the main bodies that offer this financial support and provides an extensive list of funding opportunities that exist currently

“Public sector funding is rather fragmented, with different initiatives coming from a range of public bodies that have insufficient funding allocations to meet all the competing needs. This means that under-funded, poorly co-ordinated schemes are often oversubscribed, with good quality schemes having to compete for the cash.”

Rob Smith, senior partner at Davis Langdon, said:

“Keeping up to date with who has funding available and what they will support has become a full time job. This guide will help all those working in regeneration to consider linking in a range of sectors to attract the maximum financial buy in.”

Download the guide below and please feel free to pass it on.

For more info contact Andrew Teacher at the BPF on 020 7828 011

Downloadable document

Funding regeneration: a guide to maximising public sector grants