An innovative scheme aimed at bringing empty homes back into use has been launched in Broxtowe.
The new scheme will help to bring some of the 1,499 empty homes back into use and provide much needed homes within the area.
The scheme will provide loans of up to £15,000 to owners of empty properties to help bring them back into affordable use.
It is a joint initiative between Broxtowe Borough Council, the charity Empty Homes, central government and the Ecology Building Society,
Currently, owners of empty homes are often unable to access funds to bring the properties back into use, creating a vicious cycle of decline in areas with high numbers of empty properties.
The National Empty Homes Loan Fund (NEHLF), will enable owners to renovate the properties.
The NEHLF has been funded by a grant of £3 million from central government and is being rolled out nationwide. It should provide funding for hundreds of properties and is available to people 18 and over who own a property that has been empty for six months or more.
For more information ring 0115 917 3504 or visit www.broxtowe.gov.uk or www.emptyhomes.com.