In order to assist local authorities to carry out major redevelopment, the Act provided for extensive government grants. The Treasury would pay 50% to 80% of the annual expenditure for the first five years, depending on the financial situation of the authority; in exceptional cases, this could be increased to eight years.
To facilitate local authorities in undertaking major redevelopment initiatives, the Act offered substantial government funding. The Treasury would contribute 50% to 80% of annual expenditures over the first five years, contingent on the authority's financial situation; in exceptional circumstances, this could extend to eight years.