Regeneration EQ3 Flashcards
Why is infrastructure invest so important for regeneration?
Investment is infrastructure are key in order to
- maintain growth (economic)
- improve accessibility to regenerated regions.
Why do national government play a key role in infrastructure development?
Infrastructure projects are both high cost and take a long time to complete meaning national government are needed to supply the funding
What’s is the definition of rebranding?
Rebranding is the attempt to change public perceptions of an urban or rural area, to represent areas as being more attractive. Often includes re- imagining
What is the definition of re-imaging?
Making a lace more attractive and desirable to invest, live in and visit.
What is meant by the term infrastructure?
The infrastructure of an area is the basic systems of a place
Economic > motorways, water and sewage facilities and telecommunications networks.
Social > public housing, hospitals and schools.
What are flagship regeneration projects?
Large, scale prestigious projects.
E.g. the Eden project in Cornwall
What is a private - public relationship?
This is when the private sector is used to design, build and maintain public sector assets funded by the nation government. (National government supplying the pump priming)
What are examples of infrastructure development?
- High speed two (HS2)
- airport development
What is HS2 and how may is regenerate areas?
HS2 is an regeneration effort through infrastructure investment in an aim to close the UK north south development gab by connecting poorer northern region to the economic core of England (London and the south east).
It’s key to the northern power house regeneration scheme
What is airport development and how does it help with regeneration?
Airport development such as the expansion of Heathrow airport to include a third runway. It’s mainly privately funded but some of the support infrastructure will be publicly funded.
There are many polarised views.
What affects the rate and type of development?
- planning laws
- house building targets
- house affordability
- permission for fracking
What are some of the UK planning policies that affect regeneration?
- greenbelt land cannot be built on
- conservation areas (national parks) have strict planning regulations
- planning laws can be changed for schemes that are in national intrsst
What is pump priming?
Pump priming refers to the fund given by a government to kick start (initially fund) a regeneration scheme with the expectance of outside investment to help.
What are the factors affecting regeneration policies?
- planning laws
- planning for fracking
- planning for housing needs
How do planning laws affect you and rate of regeneration?
Planning laws decide how land is used, it helps create places that people want to live in and work.
For developments to happen they need to be summited to the local government who decides wether it fits in with local plans’. If not they are rejected.
What is ‘planning gain’?
This is a tool used by planner whereby for a development to be accepted, there needs to be a benefit to the local community.
E.g. social housing being built as part of a new housing scheme paid by the developer.
How does planning laws have negative impacts on an area?
- slow decision making in a place future may result in planning blight. (House prices may fall, land locals may not be able to maintain property’s and spiral of decline starts)
- if a development is rejected the appeals made may be costly and time consuming.
- national interest may override local interest (only an economic focus)
How does planning for fracking affect the type and rate of regeneration?
As the government see fracking as a national priority to increase energy supplies and create economic prosperity local interests may be overlooked this has resulted int he formation of anti-fracking pressure groups who may block or prevent fracking to happen slowing the rate of economic regeneration.
How does planning for housing needs affect the type and rate of regeneration?
The uk has a shortage of homes and very high house prices this has resulted in
- underinvestment
- shortfall of probate and rented accommodation
- hotspots of inflated housing areas (London and south east)
- planning restriction hindering developers
- social changes such as sink estates and increased pressure on housing markets
How have government policies on deregulation of capital markets impacted potential for growths and investments?
The deregulation of the financial markets in 1986 helped to make London into the Funchal hub in is today by encouraging investment, increasing competition and innovation.
Also by ending the stock exchanges monopoly and remainder entry barriers it encouraged European and US banks to open and invest in London resulting in banking, finance and business’s service to account for 30% of UK GDP.
C > the deregulation policy was added to by labour government and are argued to be responsible for the 2008 finically crisis and low economic growth