Local Investment Agreement to boost Sheffield regeneration

The Homes and Communities Agency (HCA) and Sheffield City Council (SCC) have launched the Local Investment Agreement.

The agreement means that HCA and SCC have agreed future housing and regeneration priorities that will co-ordinate over £85 million of investment across the City of Sheffield during 2010 /11.

It will make sure that Local Government resources are targeted where they will have the greatest impact along with central government funding.

The agreement will form a basis for all future joint working and ensure that instead of the local authority, registered social landlords and developers discussing investment requirements separately with HCA, investment is targeted to best complement improvements in health, transport and other areas.

The agreement joins up economic and housing priorities and is the first local investment agreement to be signed in the region, forming the foundation for future working and ensuring that HCA’s resources including land assets, and capital investment are used locally to maximum effect.

Sheffield City Council’s Executive Director of Place, Simon Green said: "This agreement will improve the quality of life for people in Sheffield through revitalizing district and local centres across Sheffield, providing new affordable homes as well as improving existing homes, and improving the environment and green spaces in the city."

Further information:
Homes and Communities Agency
Sheffield City Council