A new framework for regeneration from Communities and Local Government will help to counter the recession and focus on jobs. The planned £6.5bn investment in regeneration across the country over the next two years will reflect this priority.
The launch of the framework coincided with the release of the latest employment figures which show that Britain is experienced rising unemployment on the scale unknown for almost three decades. The shake-out in the labour market that saw almost 250,000 people lose their jobs in the first three months of the year was the most savage since 1981.
According to a CIPD/KPMG Labour Market Outlook, a survey of more than 500 employers, the jobs market will continue to shrink in the next three months as the number of employers planning to make redundancies continues to exceed the number of employers planning to hire.
The new regeneration framework for reversing economic, social, and physical decline in areas where market forces will not do this without support from government, sets out how the focus will be on improving economic outcomes and tackling worklessness. It will give targeted support that helps those communities most in need – the most severe poverty, deprivation or sustained unemployment.
Regeneration is to be judged against three new success measures – improving economic performance; creating the right conditions for business growth and by creating places that people want to live.
The framework will be taken forward with partners such as the Homes and Communities Association, which is responsible for funding affordable housing and bringing land back into productive use. Other partners include regional development agencies, multi area partnerships and city regions.