4A.8 local government policies aim to represent areas as being attractive for inward investment Flashcards
What is a science park ?
an area devoted to scientific research or development of technological business. Good for an area due to investment attracted.
Why do local governments compete to create science parks?
If local governments create attractive businesses for investors and workers who are highly skilled and payed then they will be taxed more allowing more money to be invested
Oxford and Cambridge have multiple stakeholders in a local area and must be governed by local councils to ensure that regeneration meets the need for local businesses and takes advantage of local talent
Explain two ways I’m which local governments can affect decision-making about regeneration?
One way local governments can affect decision making about regeneration is local interest groups as they are vital in decision making and creating regeneration project. This can include groups such as local preservation societies and trade unions. However, there is often conflict between these groups as interests differ. Some may wish to preserve urban landscapes whilst others seek to change it.
Another factor that can affect it is business environments as government want to attract domestic and foreign investors as this will determine the success of the regeneration projects
What is the aim for regeneration strategies?
Attract business investment and workers from different contexts to create vibrant new places in urban and rural areas
Strategies can be sports - led retail -led,cultural-led,tourism and leisure led and public and private rural diversification
What was the reason for the urban regeneration in the Olympic park ? And what has it brought to the area
The reason for the regeneration was to facilitate the Olympic Games
New infrastructure evented to ensure a lasting legacy in London
Many of the sporting facilities are still there and the Olympic village has been converted into flats and apartments.
The regeneration has brought benefits to the local residents, brought down unemployment by 3%. As well as turning the Olympic messiah centre to the east London tech city. Also plans to open a museum and two universities.
A negative of the regeneration is those people paying rent in east London couldn’t afford to keep paying it as prices went up as the area increased in value
What was the reason for the rural regeneration in Powys ? And what has it brought to the area
Powys wants to exploit its landscape to get as much green tourism as possible and aim to build on expertise in renewable energy and development of renewable energy and low carbon green economy around wind and water
An example of the regeneration is an improved broadband in black spots as well as improved agricultural as the initiative encourages carbon storage and water regulation. Including 200 million for low carbon technology and 860 million incentives to encourage renewable heat. And 30 million improving the energy efficiency of housing stock
