Working Neighbourhoods Fund
Salford has been allocated a share of the £1.5 billion Working Neighbourhoods Fund (WNF), part of the government's drive to reduce long term unemployment in our most disadvantaged communities.
The city will receive
- £8.69 million in 2008-09
- £10.1 million in 2009-10
- £10.49 million in 2010-11
as part of our new Area Based Grant (ABG).
What is WNF?
The Working Neighbourhoods Fund is a new dedicated fund for local partnerships and communities to develop more concentrated, concerted, community-led approaches to getting people in the most deprived areas of England back to work. It replaces the existing Neighbourhood Renewal Fund and incorporates the Department of Work and Pensions Deprived Areas Fund (DAF) to create a single local fund.
The government wants all communities to share in rising prosperity and is determined to break the cycle between worklessness and the lack of economic growth in certain areas. It is part of the radical restructuring of the government's approach to regenerating some of the country's most deprived areas.
Under WNF, local areas that turn around long term unemployment will receive new financial rewards. There will be at least a £50 million package of incentives for areas that boost employment levels.
How are the funds allocated?
Allocations are based in part on the most comprehensive mapping of prosperity and deprivation across England, the new Indices of Multiple Deprivation (IMD) 2007. The IMD shows that 20% of men and women living in the most deprived fifth of areas are not in work.
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