Governments in developing regeneration Flashcards
London 2012 olympics - national
The UK government invested £9.3 billion ($11.7 billion) in infrastructure projects related to the Olympics, including the construction of new sporting venues, transportation improvements, and urban regeneration initiatives. This investment contributed to the long-term development and modernization of London and surrounding areas.
Tourism Boost: The Olympics attracted an estimated 590,000 overseas visitors to London during the Games, according to VisitBritain. This influx of tourists contributed to a significant boost in tourism spending, with visitors spending an estimated £2.1 billion ($2.7 billion) on accommodation, dining, shopping, and entertainment.
Cambridge science parkas an example of a local government
Used to increase wealth across the regions, The establishment of the Cambridge Science Park has stimulated economic growth in the region by attracting high-tech companies, fostering innovation, and creating job opportunities. The park has become a hub for scientific research, technology development, and entrepreneurship, contributing to the local economy through job creation, tax revenue, and business growth. Cambridge Science Park directly employs over 6,500 people across its various companies and research institutions Companies within the Science Park collectively invested over £200 million in research and development (R&D) activities in the previous fiscal year, demonstrating a commitment to innovation and technology development.
