L7 - Nightmare on Nine Elms

Question 1

What are the economic benefits of the privately funded regeneration and rebranding project in Vauxhall?

Answer 1

• There will be new job opportunities available - 22,000 will be available during construction and 25,000 permanent which is initially targeting the local residents.
• There is one million transport funding which will improve the transport, allowing better access to jobs.
• The houses values are predicted to increase by 140% which will contribute to the economy and make it better.
• Likely to attract further FDI

Question 2

In what year will be project be completed by?

Answer 2

2022

Question 3

What are the environmental issues of the privately funded regeneration and rebranding project in Vauxhall ?

Answer 3

• Regeneration strategies have been similar in many UK cities/ even within London, which could mean a loss of individuality in places
• the removal of road networks may mean that traffics is increased elsewhere.

Question 4

How many are predicted to be made?

Answer 4

20,000 homes

Question 5

What are the economic issues of the privately funded regeneration and rebranding project in Vauxhall?

Answer 5

• New jobs may be low paid service jobs (eg. Bar work, cafe work, cleaners)
• Some offices may remain empty
• due to the predicted 140% increase in property values the areas might become too expensive for the local residents

Question 5

How many iconic attractions will the area need it from?

Answer 5

3 iconic attractions

Question 6

How much of an increase is predicted in property values by Estate agent Knight Frank?

Answer 6

140% predicted increase in house values

Question 7

What are the social issues of the privately funded regeneration and rebranding project in Vauxhall ?

Answer 7

• Local communities displaced and split up
• The housing won’t be affordable for everyone
• Local independent shop owners will have had to close down

Question 8

How many apprenticeships are going to be available?

Answer 8

1000

Question 9

What are the environmental benefits of the privately funded regeneration and rebranding project in Vauxhall?

Answer 9

• Derelict buildings repurposed/rebuilt to much higher standards
• Inclusion of more green space (eg. New linear park)
• Focus on pedestrianised areas
• Reduction in traffic and pollution

Question 11

What are the social benefits of the privately funded regeneration and rebranding project in Vauxhall?

Answer 11

• There are going to be 1000 apprenticeship schemes, giving young people new qualifications and an income.
• Residents have better access to amenities and service as due to transport improvements it is going to take 12 mins to get to the city.
• There are links to historical significance (eg. Battersea Power Station)

Question 12

How many jobs will be created?

Answer 12

25,000 jobs