Page 128 - Barrow Town Deal Board Agenda 14/4/2020

Concept 1

Overview Concept Strengths:
▪ Strong case for intervention presented with clear market
There are two sub-projects within this proposal: failure including lack of alternative funding
1. Delivery of a £1.3m mixed residential and commercial ▪ The programme will be inclusive and encourage community
scheme which will deliver external improvements to 55 participation
properties in total (39 commercial and 16 domestic).
▪ Track record in delivering housing renewal
2. The remainder of the funding will be used to deliver ▪ Ongoing maintenance secured through property owners
improvements to between 200-400 properties in a priority and Council core functions
area to be identified.
▪ Risk & mitigation strategies identified

Project Name Housing Market Renewal
Concept Weaknesses:
Project Type Urban Regeneration & Land Use
▪ Lack of alternative funding sources
Total Cost & TIP Funding £5m (fully funded by TIP)
Request Capital ▪ Rationale for the £5m investment needs to be strengthened
Location Priority area to be identified ▪ Sub-project 2 needs to be fully costed and a delivery plan
developed
Direct outputs Improvement in housing conditions

Wider impacts Energy efficiency improvements
Positive mental health outcomes

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