Single Regeneration Budget

The SRB, which began in 1994, brought together a number of programmes from several Government Departments with the aim of simplifying and streamlining the assistance available for regeneration

Note that whilst SRB funds are still active, they are drawing to a close and future funding will be the responsibility of the relevant Regional Development Agency.

SRB provides resources to support regeneration initiatives in England carried out by local regeneration partnerships Its priority is to enhance the quality of life of local people in areas of need by reducing the gap between deprived and other areas, and between different groups.

It supports initiatives that build on best practice and represent good value for money. The types of bid supported differ from place to place, according to local circumstance.

SRB partnerships are expected to involve a diverse range of local organisations in the management of their scheme. In particular, they should harness the talent, resources and experience of local businesses, the voluntary sector and the local community.

Schemes can offer support to build the skills and confidence of the local community so that they can play a key role in the regeneration of their area.

The SRB is administered at regional level by the Regional Development Agencies and, in London, by the London Development Agency.

Under rounds 1-6 1027 bids have been approved, worth over £5.7 billion in SRB support over their lifetime of up to 7 years. It is estimated that these will attract almost £8.6 billion of private sector investment and help to attract European funding.

New Deal For Communities

New Deal for Communities (NDC) is a key programme in the Government's strategy to tackle multiple deprivation in the most deprived neighbourhoods in the country, giving some of our poorest communities the resources to tackle their problems in an intensive and co-ordinated way. The aim is to bridge the gap between these neighbourhoods and the rest of England

The problems of each NDC neighbourhood are unique, but all the NDC partnerships are tackling five key themes of: poor job prospects; high levels of crime; educational under-achievement; poor health; and problems with housing and the physical environment.

Neighbourhood Renewal Funds

The Neighbourhood Renewal Fund (NRF) aims to enable the 88 most deprived authorities, in collaboration with their Local Strategic Partnership (LSP), to improve services, narrowing the gap between deprived areas and the rest of England

Following Spending Review 2000, the Government set targets for improved outcomes by public services in deprived neighbourhoods. The targets mean that Government departments, local authorities and other service providers are being judged for the first time on their performance in the areas where they are doing worst - not on the national average