Bold and ambitious proposals are sought from local authorities – in partnership with other local authorities, private or third sector organisations – to create transformational housing or regeneration projects.
Funding from the New Development Corporation Competition will help them to explore delivery models that have been less commonly used in a contemporary context, such as development corporations.
MHCLG recognise that applicants will be at different points in this process – from feasibility work around exploring potential delivery models to refining work on a delivery vehicle to make it proposal-ready.
Local authorities are eligible to submit applications, whether individually or in partnership with other local authorities.
MHCLG strongly welcome applications from private or third sector organisations made in partnership with local authorities.
The Fund will provide local authorities with up to £10 million over three years.
Applications can be submitted at any time and will be reviewed on a rolling basis.