Regeneration: Finance

Ministry of Housing, Communities and Local Government written question – answered at on 9 July 2026.

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Photo of Paul Holmes Paul Holmes Opposition Whip (Commons), Shadow Parliamentary Under Secretary (Housing, Communities and Local Government)

To ask the Secretary of State for Housing, Communities and Local Government, with reference to his Department's press release entitled Pubs, shops and local assets protected with communities in charge, of 16 June 2026, what is the allocation of funding in each year of the spending review under the wider £301 million package, and what is the profile and funding to the individual elements within that package; whether the £61 million is part of, or in addition to that funding; and whether it is part of or in addition to the wider Pride in Place funding.

Photo of Nesil Caliskan Nesil Caliskan Comptroller (HM Household) (Whip, House of Commons), Parliamentary Under-Secretary (Housing, Communities and Local Government)

The newly announced Pride in Place Community Right to Buy Fund, backed by £61 million, will empower local people to take control of valued local assets and is additional to our wider investment in communities including the £5.8 billion Pride in Place Programme.

This funding forms part of the £301m earmarked to support our high streets and community spaces. Within this package, £10 million will fund High Street Rental Auctions to bring vacant properties back into use. We will also establish new High Street Innovation Partnerships, supporting some of the most challenged high streets to transition to more resilient, mixed-use models.

Further details will be set out in due course.

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