Three-quarters of top regeneration projects supported by HCA
The Homes and Communities Agency (HCA) has been highlighted as providing support to more than three-quarters of the top 100 regeneration projects taking place across the UK at present.
According to Regeneration and Renewal magazine's annual Top 100 list of the largest projects to have taken place across the UK over the last 12 months, the HCA has played an integral role in delivering funding and support in the vast majority of cases.
In total, the government department saw 68 schemes listed in the Top 100 - with values ranging from the £120 million Heart of Slough new home project to the £4.6 billion Greenwich Peninsula development.
Pat Ritchie, chief executive of the HCA, said this listing highlights the multitude of resources that are yet to be tapped by the agency and its continuing commitment to regeneration delivery across the country.
However, the challenge faced by the government in ensuring the continued success of regeneration projects should not be underestimated, as diminished funding from both the public and private sectors as a result of the overriding economic climate at present will make it increasingly challenging to meet construction goals in the years to come.
Mr Ritchie commented: "Our best response will be a flexible approach through a mix of grant, investment and the maximum use of public assets, while working with local authorities and other public and private sector partners.
"It is this locally led and integrated approach which will best use scarce resources and capacity against agreed local priorities."
Last month, the HCA announced it remains on course to meet its targets for the provision of new homes and affordable properties for 2011-12.
The agency has reclaimed 182 hectares of disused or rundown property over the last year - exceeding its goal of 160 hectares - while 149,000 sq m of new business space has been delivered.
Mr Ritchie noted at the time of publication: "We have utilised our enabling role to help communities achieve their housing ambitions and significantly invested in the places that need it most."
--- Ends ---