Built in the late 1960s, Arthur Street consists of three 13 storey tower blocks and a number of low rise blocks providing 263 one and two bed flats with some three bed maisonettes. Despite substantial investment since the transfer from the London Borough of Bexley in 1998, many components are now failing and the blocks no longer meet modern standards.
Orbit will use its £850,000 allocation of funding to prepare a planning application in consultation with the local community.
Paul Richards, Executive Director of Customer Services at Orbit, said:
“We are delighted to have secured this funding and continue our strong partnership with the DCLG, GLA and the London Borough of Bexley. The regeneration of Arthur Street is an important part of our strategic commitment to provide high quality, affordable homes in Bexley.”
He added: “A stone’s throw from our award winning Erith Park, this new neighbourhood will put its own stamp on one of London’s most affordable and up and coming districts.”
At a public consultation event held in July last year, over 90 per cent of residents from Arthur Street said welcomed proposals of regeneration.
Housing and Planning Minister Gavin Barwell said: “Estates regeneration must be locally-led, and this £32 million fund will help breathe new life into estates throughout the country. It will help more ordinary working people have the security of a decent place to live.”
Orbit has been awarded the funding as it celebrates 50 years of building communities. The housing association will now work with the London Borough of Bexley and the local community in the coming months to design an inclusive community people are proud of.
Orbit, which owns and manages around 5,000 homes in the borough, hopes to submit a planning application in summer 2018.