regeneration-government policies

• DEREGULATION POLICIES- affect development

  Foreign investment in London real estate

  • london is a global hub which attracts businesses from all over the world 
  • overseas investors bought 13% of newly built properties- 15% of which were companies situated in offshore tax havens 
  • most of foreign investment used to be from wealthy Russians- now most from Asia

  These are second homes or holiday homes meaning a lack of ongoing spending in the area- may also price locals out of area
• LOCAL AUTHORITIES-ATTRACTING INWARD INVESTMENT

  LIVERPOOL SCIENCE PARK - aims to raise value of businesses working in area

  • In Liverpool’s knowledge quarter

  -       Group of new offices, labs and conference facilities and hospitals- available to small enterprises and global companies 

  -       Work closely with universities in Liverpool
• LOCAL INTEREST GROUPS DONT ALWAYS AGREE

  • Controversy surrounding London 2012 Olympic Park

  -London 2012 Olympic bid claimed it would transform Stratford via regeneration 

  -Olympic plans required clays lane homes(affordable) to be demolished by builders

  -700 new homes built on edge of park 

  -Jobs created as TFL set up offices in the area, unemployment decreased
• improving infrastructure- form of regen

  • HS2 link london to other major cities with a faster trainline. it has been claimed this will encourage wealth to spread awaY from london to balance north south divide
  • airport development= investment into liverpool john lennon airport- flies to over 70 destinations
• planning policies


  planning laws- impact the degree of development which can take place, green belt land is undeveloped land which surrounds urban settlements, prevent the outward spread of these settlements, usually farmland(desicion made to build new homes in green belt in maghull, north liverpool, was unpopular among local residents
• planning policies


  housing affordability- planning permissions for new developments can often only go ahead if authorities set aside a proportion of homes considered 'affordable'(shetland, local authority critised when only 16 out of 62 new homes built in 2018-2019 were affordable)

  • lack of new homes may mean skilled workers are unable to move into an area- economic growth may slow down.
• planning policies- permission for 'frackin'

  • planning policies can be side-stepped if authorities believe the proposed works are in 'national interest'
  • eg in the hope of reducing our future reliance on imported natural gas, local authorities have had certain restrictions lifted
  • controversy as some believe the environmental costs of fracking outweigh the economic benefits
• international migration policies- affect development

  • pursued by central governments can both benefit and hinder regeneration efforts
  • increasing number of people migrating to an area can put pressure on housing availability however can also lead to increased tax revenue and provide skilled labour which can kickstart economic development