The proposed fund will help deliver a successful and sustainable Harlow town centre that offers a strong mix of shops, leisure and residential space.
The data also shows that as many as 205 local authorities have not delivered a single property over the last five years.
The warning comes as the chancellor prepares to deliver his next Budget later this week (3 March).
Andy Delaney, director of national property regeneration at AspinallVerdi, examines the government's new National Model Design Code.
The Towns and Villages Improvement Fund is part of the local authority's 2021/22 budget, which goes before full council next week.
A new report claims Defra has not ensured that all regions, deprived areas in particular, get a fair share of the available funding.
‘As CLES’s new chief executive, I am committed to working with local people, businesses, councils and elected leaders to support a fair and just recovery, which works for people across the UK.’