The Government will make available up to £10.7 million in grant to the Gateway pathfinder in 2006-07 and, subject to the availability of resources, up to £23 million in 2007-08.
Building on Gateway’s achievements of developing a sound evidence base, strong community engagement and support and a coherent delivery strategy, this investment will give the pathfinder the opportunity to help create the transformational changes which Hull needs. The investment will support improvements to Hull’s housing offer and form a key component of the city’s strategy for improving economic performance.
Over the next two years, this funding will help achieve the pathfinder’s objectives of creating high quality and mixed tenure neighbourhoods to meet the needs of existing and future residents and businesses opting to invest in the city. Underpinning these objectives are the pathfinder’s strategies for renewing underperforming segments of its housing markets through a phased programme of refurbishments, new developments and the reduction of sub-optimal /abandoned properties which attracts anti-social behaviour.
Although the Gateway pathfinder comprises Hull and the East Riding of Yorkshire councils, the intervention area is the city of Hull. This is because the housing market in Hull is significantly weaker than in adjacent areas.