Different Types Of RegenerationPresentation Transcript
Different Types of Regeneration Urban Development Corporations & City Challenge
Urban Development Corporations (UDCs)
They were set up to regenerate selected inner city areas with large amounts of derelict land/vacant land. This is known as property led regeneration. They were given planning powers over & above local authorities & were given public money to spend on buying land, building infrastructure and then private attracting investment. Idea that private investment would be 5x greater than public money.
Run by a board, made up mostly by local business community.
New employment inadequate or inappropriate.
If unsuccessful & land fell in value – huge amounts of money lost if no one wanted to invest in the area.
Local authority not involved so no accountability.
Local people not involved & many felt excluded.
Established in 1987 the Tyne & Wear development Corporation ( government funded agency) charged with task of regenerating 50km of riverside in the NE of England.
Invested millions of pounds acquiring and clearing derelict land, laying on new infrastructure and setting up major schemes.
Aims of the TWDC
Create new business districts/ modern office developments.
Increase employment & introduce training schemes.
Revive riverside – create new homes and leisure facilities.
Improve the environment – landscape, cycle ways walkways.
Newcastle Business park
Cost £140 million.
25ha devleopment of modern offices, in landscaped river setting.
Built on former railway goods yard.
New 10,000 weather stadium holds major pop concerts.
The derelict Quayside area has been transformed into a new business quarter with high quality offices, pubs, restaurants, leisure facilities, new homes & hotels. The cost of the project £170 million.
Mexican Restaurant Chamber of Commerce Law courts Estate agents Flats
Old Fish Market converted into Sea Night Club Castle Keep
Malmaison 4* Hotel La Tasca – Spanish Restaurant Est Est Est – Italian Restaurant Pitcher & Piano Bar
1)The Question is; did it help those people in need?
For example, the residents of Scotswood, where unemployment was 50%
2)What happened to the old offices, where companies like BT, were located until they moved to the Quayside?
City Challenge Partnerships
To gain funding a local authority had to come up with an imaginative project and form a partnership in its local inner city area with the private sector and local communities. The partnership then submitted a 5 year plan to the government in competition with other inner city areas.
Better the UDCs?
Quality of proposals improved – more imaginative ideas.
Local authorities now began to identify problems & solutions to these.
Should it be allocated in regards to needs, rather than competitive advantage.
Neighbouring authorities competed against each other rather than working together.
All bids were awarded the same amount of money – rather than according to need.
40,000 houses improved, 53,000 jobs, 3,000 new businesses & 2,000ha derelict land reclaimed.