126 Power of Secretary of State to give financial assistance for regeneration and development.E+W+S
(1)The Secretary of State may, with the consent of the Treasury, give financial assistance to any person in respect of expenditure incurred in connection with activities which contribute to the regeneration or development of an area.
(2)Activities which contribute to the regeneration or development of an area include, in particular—
(a)securing that land and buildings are brought into effective use;
(b)contributing to, or encouraging, economic development;
(c)creating an attractive and safe environment;
(d)preventing crime or reducing the fear of crime;
(e)providing or improving housing or social and recreational facilities, for the purpose of encouraging people to live or work in the area or of benefiting people who live there;
(f)providing employment for local people;
(g)providing or improving training, educational facilities or health services for local people;
(h)assisting local people to make use of opportunities for education, training or employment;
(i)benefiting local people who have special needs because of disability or because of their sex or the racial group to which they belong.
(3)In subsection (2)—
“local people”, in relation to an area, means people who live or work in the area; and
“racial group” has the same meaning as in [F1section 9 of the Equality Act 2010].
Textual Amendments
F1Words in s. 126(3) substituted by 2010 c. 15, Sch. 26 Pt. 1 para. 34 (as inserted) (1.10.2010) by The Equality Act 2010 (Consequential Amendments, Saving and Supplementary Provisions) Order 2010 (S.I. 2010/2279), art. 1(2), Sch. 1 para. 5 (see S.I. 2010/2317, art. 2)