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Heygate redevelopment firm hands cash to community groups

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Heygate redevelopment firm hands cash to community groups

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Published by Max Salsbury for 24dash.com in Communities and also in Finance

http://www.24dash.com/news/housing/2014-05-12-council-ordered-to-disclose-details-about-viability-of-heygate-redevelopment-s-affordable-housing http://www.24dash.com/news/housing/2014-05-12-council-ordered-to-disclose-details-about-viability-of-heygate-redevelopment-s-affordable-housing

Image: Money via Shutterstock

The private firm behind the controversial regeneration of London's Heygate Estate has given more than £28,000 to community groups in Southwark in its third funding round.

Lend Lease, Southwark Council's development partner on the Heygate project, has now handed £75,000 over to local groups as part of the Elephant & Castle Community Fund.

The latest organisations to benefit from the cash include those that support Latin American people with disabilities, community garden projects, and dance and music workshops.

The fund, managed by The London Community Foundation, was launched in May 2012 to support groups or projects from the immediate Elephant & Castle area that address local issues such as education, training, entrepreneurship, arts and culture, safety, health and wellbeing and the environment.

Back in May, a judge ruled that the council and Lend Lease must publicly disclose hitherto confidential information about the viability of affordable homes on the Heygate regeneration.

Heygate Estate used to contain 1,013 council-owned properties, which after redevelopment will be replaced with 300 shared ownership homes; 79 homes at 40% market rate rent levels; and a further 212 at 50% levels.

The vast majority of the site's 2,500 homes will be sold privately by Lend Lease.

Sonal Shah, chief executive of The London Community Foundation, said: “Over the past few years, we have been delighted to work with local residents, Lend Lease and Southwark Council to help get funding to community projects around Elephant and Castle.

"The vast range of projects supported this year are a testament to the vibrancy of community activity in the local area – and indeed display the breadth of need across different parts of the population. We hope others will come on board with funding to help grow the work we can do over the coming years.”

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