5.12

• What is an example of private-sector investment in urban regeneration?

  Stratford's Westfield Centre, Europe's largest shopping mall, is an example of retail-led regeneration.
• How did Westfield fund the construction of the shopping centre?

  Westfield borrowed £700 million to build the centre, recovering the costs by leasing space to shops.
• What was the financial success of Stratford's Westfield Centre in its first four years?

  The Centre’s annual turnover reached £1 billion, contributing to the local economy.
• What is an example of public-sector investment in urban regeneration?

  London's 2012 Olympic Games is an example of public-sector investment, costing £9.3 billion
• What is an example of public-private partnerships in urban regeneration?

  The London Docklands regeneration is an example of a public-private partnership
• How did the public and private sectors work together in the London Docklands regeneration?

  The government provided land and grants, while property developers built offices and housing, creating jobs.
• What are the main differences between private and public sector regeneration?

  The private sector focuses on economic regeneration and profit, while the public sector prioritizes public benefits, such as affordable housing and open spaces.
• Why do partnerships between the public and private sectors occur?

  Partnerships occur when investment is expensive, such as with projects like Crossrail, where the government helps share the cost.
• What was the goal of the London 2012 Olympic Games for East London?

  The goal was to reduce the gap between the poorest and wealthiest areas, improving East London's 'brand' and attracting investment.
• What is the Queen Elizabeth Olympic Park?

  The Queen Elizabeth Olympic Park is 560 acres of parkland and employment areas created after the London 2012 Games
• What happened to some of the Olympic venues after the Games?

  The London Stadium became home to West Ham FC, the Aquatics Centre became a local swimming pool, and the Velodrome still hosts cycling events. Here East became a base for technology companies.
• How many new homes are planned for the Olympic Park area by 2025?

  9,000 new homes are planned by 2025.
• What is the London Legacy Development Corporation?

  The London Legacy Development Corporation is a government agency overseeing the development of the Olympic Park, focusing on employment and housing.
• What role does regional government play in the regeneration of East London?

  The London Assembly focuses on ensuring economic growth and the provision of mainly affordable housing.
• What is the role of local government in the regeneration of East London post-2012?

  Local governments in the four boroughs hosting the Games want to see continued economic and social regeneration.
• How have environmental stakeholders contributed to the regeneration of the Olympic Park?

  Charities like the London Wildlife Trust have cleaned and re-landscaped derelict land, creating wetlands and increasing biodiversity.
• How does local people’s housing needs impact regeneration?

  Due to high property prices in London, affordable housing is needed for local people, particularly those with low incomes.