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5 year Pathfinder funding call

NEWS

THE LEADERS of the nine housing pathfinder schemes met housing minister Yvette Cooper this week to press for more certainty in Government funding.

At the moment the pathfinders, set up three years ago to revamp rundown areas across the Midlands and northern England, receive cash every two years.

But in a report released ahead of chancellor Gordon Brown's Comprehensive Spending Review next year, the chairs of each pathfinder called for the Government to extend the current two years to five.

A spokeswoman for one pathfinder, Elevate East Lancashire, said: 'All of us would like a fiveyear cycle because you can plan a lot more.'

By the end of the 2007-08 financial year, Government investment will have totalled £1.2 billion, with a further £1 billion due to be spent in the following two years.

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