Skip to page content
Projects Map

Projects

No Use Empty Residential

Categories

Approval Status

 

Fully Approved

Delivery Status

 

Project In Progress

Expected Repayment Date

 

Spring 2027

The No Use Empty Initiative seeks to improve the physical urban environment in Kent by bringing empty properties back into use as quality housing accommodation and by raising awareness of the issues surrounding empty properties, highlighting the problems they cause to local communities. This objective is achieved through the provision of short-term secured loans (up to 3 years) to property owners.

The Growing Places Fund funding sought will enable Kent County Council to scale up their successful No Use Empty Residential project, facilitating the return of an additional 100 long-term empty properties to effective use. This project is expected to deliver benefits across the whole of Kent, with property owners from all 12 Kent districts able to apply for a loan. It is also anticipated that the initiative will extend into the Medway area for the first time.

The No Use Empty initiative supports SME’s by encouraging the spend of funding on local goods and services. The project also creates and safeguards jobs, creates new residential accommodation, generates new Council Tax receipts through the conversion of larger buildings into multiple units and has contributed to the regeneration of town centres via the No Use Empty Commercial project (GPF Rounds 2 and 3).

Capital Programme delivery update

Take a look at our update on the delivery of the Local Growth Fund (LGF) and Growing Places Fund (GPF) capital programmes.

SELEP Capital Investment Programme

Growing Places Fund

The Growing Places Fund (GPF) was established by the Ministry for Housing, Communities and Local Government (formerly the Department for Communities and Local Government) and the Department for Transport (DfT) in 2011. The aim of this funding is to unlock economic growth, create jobs and ‘kick-start’ house building at stalled development sites.

The GPF was made available to SELEP for investment as a recyclable loan scheme. Loan repayment schedules for each project are agreed within the credit agreement which is put in place at the start of the project. Repayments against these projects are returned to the central pot for reallocation to new projects. Through the GPF Round 1 awards, a total of £47.459m GPF was awarded to 13 capital infrastructure projects across the South East LEP area. Repayments are now being made by the Round 1 projects which has allowed funding totalling £20.387m to be allocated to a further 13 projects through GPF Rounds 2 and 3.
Funding value: £2,500,000
Total Project cost: £7,500,000 (estimated)
Return to Capital Investment