Local authorities should be able to lead local regeneration with community budgets, according to a new report.

Influential think tank Localis, in partnership with the Local Government Association, has launched a report that argues a new locally-driven approach to regeneration is needed.

The paper said community budget pilots – where 16 areas have trialled pooling public money to help disadvantaged families – should be rolled out across the country by the end of the year. They could be the mechanism through which locally-led regeneration is brought together, the report said.