The Government will make available up to £52 million in grant to the Manchester/Salford pathfinder in 2006-07 and, subject to the availability of resources, up to £54 million in 2007-08. These figures include funding that has already been committed.
This investment will allow Manchester/Salford’s pathfinder to continue its innovative work to support deprived estates, improve areas with run down and abandoned homes, and bring people back into inner-city areas which faced problems for many years. The funding is also subject to an updated funding agreement which is to be agreed and signed by the pathfinder and the Department and follows earlier grants totalling £115 million that were allocated to the pathfinder to the end of March 2006.
The funding will help the pathfinder take forward, for another two years, its positive and ongoing work in renewing underperforming segments of its housing markets. The funding will also support its strategy of creating high quality and mixed tenure neighbourhoods of choice to meet the needs of existing, returning and future residents while concurrently supporting sustainable communities.