The Government has announced a proposal to contribute £140 million of funding to regenerate 100 run-down council estates. The intention is to unlock and encourage wide scale investment by pension funds and other institutions.  Regeneration often involves the construction of new private residential units to subsidise construction of new affordable homes. It also nearly always involves purchasing properties sold under the right to buy (either through CPO or voluntarily), and also obliging the council tenants to become housing association tenants (with an impact on their rights leading to them being able to vote on the transfer, in some instances). All of these factors lead to estate regeneration taking years to progress and perhaps suiting the temperament of bodies like pension funds or registered providers. It will be interesting to see how this progresses.