Community investment programme

Community Investment Programme

Chester Balmore

What is the Community Investment Programme (CIP)?

The Community Investment Programme (CIP) is a 15 year plan to invest money in schools, homes and community facilities. We may sell or redevelop properties that are out of date, expensive to maintain, or underused and difficult to access. This will help us generate funds that are not otherwise available to reinvest into improving other services and facilities.  

The reduction in government funding, including the money no longer available for schools, means that we have to be more innovative in how we make the best use of our buildings and land to improve community facilities.


View our CIP film to see what benefits the programme is delivering for Camden


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Camden's Community Investment Programme

What is the problem in Camden?

  • We have a £403 million capital funding gap – this is the amount of money we need to maintain and refurbish buildings and land such as schools, council estates, community centres, parks and roads

  • We lost over £200 million of capital funding from the Building Schools for the Future programme 
  • The Government has cut capital grants. Our capital programme to 2025 is £1.4 billion, and only 2% of this will come from government grants and so we have had to come up with innovative ways of generating the funding. 

  • The Government has rejected our bid to increase our Housing Revenue Account debt cap limit. This prevents us from borrowing further to fund the building of much needed new homes in the borough, so we have to come up with self-financing solutions

What are we doing about it?

The Community Investment Programme (CIP) is our answer to government spending cuts whilst simultaneously ensuring we continue to invest in schools, homes and community facilities in Camden.


What CIP will deliver for Camden

Homes

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3,050 new homes will be built in Camden

• 650 Replacement council rented homes
We are replacing a significant number of our council homes to ensure that our tenants live in good quality accommodation.

450 New council rented homes
This is the first time we have been able to build new council homes for rent for nearly 20 years. These new homes will be offered to those on the council register. 

• 300 New shared ownership homes
We are working in partnership with private sector developers and housing associations to provide genuinely affordable home ownership options.

• 1650 New private homes
We’re building private homes to fund regeneration and making sure we market them to local people first.

Better Homes

As a result of the CIP a significant number of homes will be refurbished through the Better Homes programme.3000 homes have been refurbished this year – with £197 million to be invested in over 13,000 homes covering both internal and external works in the next five years.

Schools

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• £117 million will be re-invested into 53 schools and children’s centres by 2016/2017

 963 New school places will be created

• 420 much needed primary school places will be delivered by CIP funding in the north-west of Camden and 543 through council projects with investments from other sources



Community

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The CIP is not just about improving buildings – it’s about investing in our communities and places to ensure they have a bright future.

We’re doing this by:
• Involving more local people in the changes to their area
• Regenerating areas in Camden, like Gospel Oak and Somers Town
• Building/refurbishing 9000m² of improved community facilities and space, like St Pancras Community Centre
• Improving tenants halls like at Bourne Estate, which will include a new larger hall, additional meeting room and reception 
• Creating local employment opportunities and promoting them to local residents.
• Offering apprenticeships for construction, admin and traffic marshal work
• Creating local supply chain opportunities which will be promoted to local businesses


Employment, training and apprenticeships

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We will be targeting employment and apprenticeship opportunities at Camden residents through the CIP:

• We have secured 180 apprenticeship placements and 131 work experience placements  on sites in Camden like those offered at Agar Grove, Plendar Street, Bacton Low Rise and Maiden Lane
• Almost 4,500 construction jobs will be created through the CIP
• Work placements are available through King’s Cross Construction (KXCSC) for Camden residents who are not job ready and need to gain experience –before returning to work
• We are actively encouraging Contractors to invite Camden suppliers to tender for appropriate contract opportunities on CIP sites
• We organise “meet the buyer” type events, to enable Camden suppliers to “pitch” to Contractors on CIP sites


Working with the community

We will work with local people to identify ways to unlock the value of some of the borough’s assets like non residential buildings and land, to help bring our schools up to modern standards, provide new housing, regenerate estates and improve community services.

Developing our own local solutions will make us all more self-sufficient from government and help us invest it in the things that matter most to you. It also means we can ensure that Camden's social mix is protected and people aren't priced out or forced to send their kids to schools out of the borough.

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