The Secretary of State for Communities and Local Government will announce today that up to £46 million will be made available to help revitalise fragile housing markets in the Tees Valley, West Cumbria and West Yorkshire. The maximum allocations to each area for 2006-08 will be:
Tees Valley (Hartlepool, Middlesbrough, Redcar and Cleveland, Stockton-on-Tees)—£18.25 million (£5.5 million in 2006-07, £12.75 million in 2007-08)
West Cumbria (Allerdale, Barrow in Furness, Copeland)— £9 million (£3.5 million in 2006-07, £5.5 million in 2007-08)
West Yorkshire (Bradford, Kirklees, Leeds, Wakefield)—£18.25 million (£5.5 million in 2006-07, £12.75 million in 2007-08)
Some £500,000 is also being allocated in 2006-07 to help fund research into weak housing markets outside pathfinder areas in Greater Manchester and Merseyside.
Payments for 2006-07 will be made shortly. Payments for 2007-08 will be made in April 2007, subject to the availability of resources. In each of the areas, housing market renewal funding will be aligned alongside other funding streams to assist in the delivery of wider regeneration strategies