EQ3 - How Is Regeneration Managed Flashcards
Define Rebranding
The marketing aspect of regeneration designed to attract businesses and residents
Define re-imaging
Making a place more attractive and desirable to invest and live in
Define Infrastructure
Is the basic physical systems of a place
Includes Economic (highways and water facilities) and social (hospitals and schools) infrastructure
What is a flagship regeneration project
Large scale, prestigous projects which hopes to make an area more atteactive
How important is Infrastructure development for regional growth
Regional growth is determined by infrastructure development
Without the correct infrastructure it is harder for regions to prosper
Infrastructure helps maintain economic growth
What is the HS2
A planned high speed railway which has two phases
Phase 1: London to Birmingham
Phase 2 : Manchester to Leeds
What are the advantages and disadvantages of HS2 for regional growth in UK Cities
A
Improved Journey times between major cities
60,000 jobs created
Reduces car traffic congestion and housing crisis
D
No intermediate stations (less economic benefit in smaller regions)
Very high financial cost (80-100 billion)
Destroys areas of natural beauty
What did the UK government change in 1986 in the UK’s Financial Sector
What did it include
Was deregulated resulting in a new era of prosperity for the Financial sector
Included: Any person could trade in shares, overseas banks and other financial institutions could set up in London
What are the advantages and disadvantages of deregulation from the UK government
A
Lower barriers to entry , improved quality and competition
Increases choice for customers
Increases economic growth
D
Monopoly power could lead to higher prices of services
No guarantees of successful operation
Less protection for customers
What are the advantages and disadvantages of EU Free Labour Movement
A
Helps deal with labour shortages
Prevents wage inflation
Fills undesirable jobs
D
Causes infrastructure problems (lack of housing and services)
Congestion
Developing countries lose their best skilled labour
Explain the development of planning laws
Is about how land is used , shaping places to improve an existing place or change its image completely
Governments planning policy helps stimulate economic growth and allow development if it benefits the local community and fits in with their local plan
Explain the development of house affordability
The government involved themselves in housing supply to make it more affordable, introducing social housing and the right to buy scheme
However there is a shortfall in supply, underinvestment and the inflated price of housing , reducing the amount of affordable housing
Explain the development of house building targets
Need for extra housing due to : rising population , increased number of households and overseas investors
More housing is needed to meet demand, by 2030 the UK will need an extra 300 million housing units
Explain the development of permission for fracking
Fracking is a process of extracting gas from shale rock using hydraulic fracturing
Government priorities increasing energy supplies
Local and national anti-fracking pressure groups have opposed fracking and local authorities have banned it
Define a science park
Is there competition for science parks
An area devoted to scientific research or development of technological businesses . Good for an area due to investment attracted
Competition to attract investors and workers who are highly skilled