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Regeneration Plan - Funding


To start the programme, we received a large amount of investment from government sources, which has since been added to with private sector finance.

£38 million was provided by the South East England Development Agency (SEEDA) for the first three years of the programme, which has since been supplemented by another £37 million.

On top of this, English Partnerships/Homes & Communities Agency have provided £15 million towards the Ore Valley site of Hastings Millennium Community. A total of £100m has come from the Higher Education Funding Council for England and the Learning and Skills Council for University Centre Hastings and Sussex Coast College. £10 million has come from other sources, mainly the European Union. And up to £220 million of extra government funding is being invested into the road network. This is all in addition to the local authorities' on-going spending plans.

We have also received significant private sector investment to move on with later phases of the development programme.

 
 
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