£23m investment for jobs and housing in Bradford

PLANS: Lord Wallace of Saltaire (left) visits Incommunities’ training unit last year, and meets joiner Keiron Cook

PLANS: Lord Wallace of Saltaire (left) visits Incommunities’ training unit last year, and meets joiner Keiron Cook

First published in News Bradford Telegraph and Argus: Photograph of the Author by , City Hall Reporter

Nearly £23 million looks set to be spent on new homes, a jobs project and other community improvements across the district, thanks to a tax-back scheme.

The district is now reaping the benefits of a VAT agreement forged more than a decade ago, when the Council’s stock of social housing was transferred to social landlord Incommunities, then known as the Bradford Community Housing Trust.

Under the agreement, when the landlord spent money bringing its properties up to the national Decent Homes standard, it could claim the VAT back from the taxman.

But Bradford Council would have a say in how about half of the money was spent. Incommunities has finished its multi-million-pound renovation scheme and in total, the VAT agreement has diverted more than £40 million away from the taxman’s pockets.

And Bradford Council is set to sign off on a draft six-year £22.9m spending plan next week, with the details delegated to a specially set-up steering group.

This includes £2.7m to be spent on the regeneration of Holme Wood, nearly £11m on building new decent and affordable homes for the city and nearly £5m on an extra-care scheme in Saltaire.

It would also set aside £3m to keep the Get Bradford Working job scheme going until 2020.

Jez Lester, Incommunities’ assistant chief executive for asset management, said it would be good news for the district.

He said: “It’s extra funding which can be used on community and regeneration projects which will help to provide jobs or homes or improve shopping facilities for people within the district.”

The Get Bradford Working scheme, which began last year, is supported by Bradford Council, Incommunities and the Job Centre. It aims to create hundreds of apprenticeships, training opportunities and jobs for local people. The new plan would see the scheme extended for years to come, on a smaller scale, once the current funding comes to an end.

Mr Lester said: “It’s a significant extension to the project. It’s recognition that we as Incommunities, working with other agencies, want to see as many people get into work as possible because there are obvious benefits to communities, to the individuals and to organisations.”

The plan will be discussed at the next meeting of Bradford Council’s executive, on Tuesday.

Comments (6)

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7:12am Fri 10 Jan 14

Albion. says...

Excellent!
Excellent! Albion.
  • Score: 5

7:50am Fri 10 Jan 14

angry bradfordian says...

Good news for a change. In the last month the council seem to have gained £23m under this scheme and £20m for the meeting the target for new house building.

I'd be interested to know if this was always meant to be money the council were getting instead of the direct funding that was cut.
And I notice that in both these large funding awards our illustrious council leader has been strangely silent on both significant pieces of news. I assume it doesn't fit with the message he's trying to get across.
Good news for a change. In the last month the council seem to have gained £23m under this scheme and £20m for the meeting the target for new house building. I'd be interested to know if this was always meant to be money the council were getting instead of the direct funding that was cut. And I notice that in both these large funding awards our illustrious council leader has been strangely silent on both significant pieces of news. I assume it doesn't fit with the message he's trying to get across. angry bradfordian
  • Score: 2

8:40am Fri 10 Jan 14

bd7 helper says...

Plenty of jobs for bradford at last
Plenty of jobs for bradford at last bd7 helper
  • Score: 3

9:36am Fri 10 Jan 14

Banni2 says...

This has to be encouraged, the council has to invest in our City and it's wealth has to be regained.

Let's have more positive attitudes by the people who can change things and let's get on with turning this City round .
This has to be encouraged, the council has to invest in our City and it's wealth has to be regained. Let's have more positive attitudes by the people who can change things and let's get on with turning this City round . Banni2
  • Score: 3

12:02pm Fri 10 Jan 14

AngryBantam says...

A bit of money to spend in the city centre now then? get the Odeon sorted and start getting people back into the city, not just lining the pockets of our Councillors.
A bit of money to spend in the city centre now then? get the Odeon sorted and start getting people back into the city, not just lining the pockets of our Councillors. AngryBantam
  • Score: 2

6:35pm Fri 10 Jan 14

bcfc1903 says...

More good news for Bradford. Has been a very good couple of weeks.
More good news for Bradford. Has been a very good couple of weeks. bcfc1903
  • Score: -1

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