MHCLG announces £1.5bn plan for neighbourhoods with £100m Welsh allocation
The Ministry of Housing, Communities and Local Government (MHCLG) has unveiled a £1.5bn plan for neighbourhoods, with Wales receiving a £100m share to support community regeneration. The £1.5bn funding programme will support 75 selected communities across the UK. Each designated area will receive up to £20m over a decade, administered through newly established neighbourhood boards comprising residents, businesses and local campaigners. The programme, which supersedes and expands upon the previous long-term plan for towns, enables communities to invest in various initiatives including high street regeneration, community facilities and public services. Areas were selected based on deprivation metrics and healthy life expectancy data. The scheme demonstrates significant devolution of spending control to local level, with communities able to utilise pre-approved interventions and existing statutory powers. Implementation will begin in April 2025, with investment delivery commencing in 2026.