Canary Wharf Case Study

Question 1

Positives of regeneration

Answer 1

-Rise of knowledge economy so economic development (Pos Multiplier Effect)

-Older people moving to Southend on Sea = Young workforce (avg 31)

-Extend Ldn Underground = Commuters

-Migration in 2000s means east Ldn more diversified

Question 2

Negatives of regeneration

Answer 2

-Gentrification broke up traditional communities

-Those with ill health etc.. all in same area creating deprivation (Tower Hamlets)

-Extreme cost of living

Question 3

Why was it regenerated?

Answer 3

-Experiencing deprivation after port was no longer in use due to containerisation meaning ships were too large for London Docklands

Question 4

How have TNCs influenced Canary Wharf’s characteristics?

Answer 4

The regeneration of the docklands into a business district attracted TNC’s and investment

Mainly in banking e.g. HSBC located HQ in Canary Wharf

Olympia & York invested in high rises, attracting TNCs to locate there

This led to further TNC investment as area was attractive, and is now multi-purpose area with residential + leisure areas

Question 5

Players

Answer 5

Locals - Not successful

Govs - Successful