4.8B Partnerships

• • Chambers of Commerce = these organisations represent business and industry in a local area, and persuade local and national governments to invest in infrastructure, education and skills training.
• Trade unions = their jobs is to represent workers in particular industries over issues like pay and conditions; their support is important to many companies that want good worker-manager relationships. 
• local groups = regeneration and development involves change, so local environmental groups, historical preservation societies and even wildlife groups need to be involved so that change does not lead to negative local consequences. 
• Olympic park regeneration: Pros

  • improved infrastructure
  • bought more than $9Bn in investment into the east London area
  • cleaned up previous urban wasteland
  • helped local schools
  • unemployment fell
  • 40% rise in employment
• Olympic park regeneration cons:

  • 2800 homes made "unaffordable"
  • existing business had to move out
  • produced 3.3Mn tonnes of CO2