Renewal Area Assistance is available for works to improve the external structure (e.g. chimneys, doors, gutters, roof, walls, windows) and front and rear garden areas of blocks of homes in Renewal Areas, together with certain energy efficiency and home security measures.
Currently, the maximum assistance is £20,000 provided as:
- a 90% grant and 10% loan combination to owner occupiers and accredited landlords; or
- a 75% grant and 25% loan combination to non-accredited landlords.
However, these limits and rates can be revised annually in line with the funding provided to us by the Government.
The grant element (excluding fees) is repayable on a sliding scale if:
- an owner occupier applicant ceases to own or occupy the home as their only or main residence within five years of the completion of the works;
- a landlord applicant ceases to own or let the home within five years of the completion of the works.
[NB: Renovation Grants approved prior to 1 April 2004 are repayable in full.]
The loan element is repayable in full when the home is sold, together with interest charged at a simple fixed rate (which is set at the Bank of England base rate at the beginning of the financial year in which the loan was approved).
We programme Renewal Area Assistance schemes on a block-by-block basis over several years, depending on the resources available. There is no need to register for Renewal Area Assistance.
