Nearly 3,000 homes across London are set to benefit from a £211 million investment after the City of London Corporation approved a major programme of housing upgrades.

The funding package, agreed by elected Members at a meeting of the Court of Common Council, will accelerate improvement works across the Corporation’s 12 housing estates located in the Square Mile and six London boroughs.

Of the total investment, £152 million will be allocated from the City’s Fund, supporting a wide-ranging programme of works aimed at improving the quality, safety and sustainability of 2,900 homes, including social housing.

Planned upgrades include replacement windows, modernised kitchens and bathrooms, improved heating systems, refurbished lifts, electrical works, new roofs and enhancements to communal areas. The programme will be delivered over the next decade.

The long-term investment builds on the City Corporation’s previous £110 million commitment to housing and reflects its ongoing focus on supporting communities across the City, Hackney, Islington, Lambeth, Lewisham, Southwark and Tower Hamlets.

The funding will also help address a significant shortfall in the organisation’s Housing Revenue Account, an issue affecting councils nationwide amid historic underinvestment, rising construction costs and increasingly stringent safety and compliance requirements.

City of London Corporation Policy Chairman Chris Hayward said: “Providing good-quality, safe homes for our residents is a fundamental responsibility, and today’s decision demonstrates our absolute commitment to that duty.

“This is a major investment in people, communities, and the long-term future of our estates.

“We will accelerate improvements, enhance compliance, and deliver the modern, sustainable homes our residents rightly expect.”

Chair of the City of London Corporation’s Community & Children’s Services Committee, Helen Fentimen, said: “This investment marks a turning point for our residents and our estates and ensures we can continue to deliver on the programme of major works and improvements that is already underway.

“We recognise that the scale of work required has long exceeded the resources available within the HRA, and we have taken decisive action to put that right.

“Our residents deserve safe, warm, high-quality homes, and this next phase of the Housing Investment programme will deliver exactly that, ensuring we meet the highest standards of safety, sustainability, and landlord responsibility.

“We are committed to delivering repairs and maintenance across the board and will ensure that the highest standards then continue to be delivered.”