The Leeds City Region Partnership has today agreed a one year £110m funding deal to support the delivery of major housing and regeneration schemes across the city region.
The deal is part of a new joint partnership arrangement, which will see the Homes and Communities Agency and the Leeds City Region Partnership working closely to improve existing housing and neighbourhoods, create energy efficient homes, and deliver much needed affordable housing.
The Leeds City Region and the Homes and Communities Agency will be working together through the LCR HCA joint board. The joint board will be responsible for directing funding to housing and regeneration priorities across the city region, providing new jobs and investment that will help speed up the economic recovery.
Councillor Andrew Waller, chair of the new joint board and leader of City of York Council, said:“We welcome today's funding agreement with the Homes and Communities Agency, which will provide significant investment within the city region at a time when the economic recovery is still fragile. The funding will help maintain momentum in delivering the affordable homes we need across the city region, supporting much needed jobs and training opportunities.
“The new funding powers devolved to the city region are a positive step in ensuring that major funding decisions to deliver local priorities are taken locally.”
Shaukat Moledina , board member of the HCA said:“This joint partnership arrangement with Leeds City Region will help deliver our shared vision and the economic growth that is necessary for the future prosperity of our communities.
“The significant investment agreed will ensure there is a balanced housing market that meets the local needs of the current and future residents of the places within the city region.”
In addition to the £110 funding for the next 12 months, the LCR HCA Board has also developed an interim city region investment plan for housing and regeneration which sets out the long term strategic investment priorities in the city region.
The joint board will have the responsibility to deliver the investment plan over the coming years and ensure funding continues to be targeted towards delivering the city region’s priorities and ambitions.
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Notes to editors:1. The LCR HCA Board is part of the Government’s programme through which the Partnership has gained devolved powers and responsibilities to support the city region’s economy.
2. The board is constituted as a committee of the national HCA Board, with delegated authority to manage HCA investment in the city region.
3. The board will seek to align other public sector funding around city region priorities, in partnership with local authorities, the HCA, Yorkshire Forward, and other bodies.
4. Leeds City Region (LCR) Partnership brings together a group of 11 local authorities (Barnsley, Bradford, Calderdale, Craven, Harrogate, Kirklees, Leeds, Selby, Wakefield and York, along with North Yorkshire County Council) from across an area in which people travel to work and leisure to promote economic development and a better quality of life for our communities.
5. With close to 3m people, a resident workforce of 1.5m, over 100,000 businesses and an economy worth £51bn per year, the LCR is a major economy. The LCR is incredibly diverse and has many centres—geographically and culturally. This diversity is its greatest asset and by working together, the distinctiveness of all of cities, towns, villages and rural communities becomes all the more important.
6. For more information on the Leeds City Region Partnership please visit www.leedscityregion.gov.uk.
7. The Homes and Communities Agency (HCA) is the single, national housing and regeneration delivery agency for England.
8. The HCA’s vision is to create opportunity for people to live in homes they can afford, in places they want to live and for local authorities and communities to deliver the ambition they have for their own areas.
9. The HCA has achieved this by:
• Acting as the bridge between national targets and local ambitions, with a strong regional presence.
• Working through our Local Investment Planning process with local authorities, RDAs and sub-regional partnerships.
• Working effectively with the market, housebuilders, investors and other stakeholders
• Understanding the needs and aspirations of people and communities
10. For more information visit www.homesandcommunities.co.uk
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For press/media enquiries please contact:
Sara Hyman, Press and Media Manager
Leeds City Council Press Office Tel: 0113 22 43602