Regeneration - EQ3 Flashcards
What is infrastructure?
The basic physical systems of a place.
- Economic: water, sewage, road, rail, telecommunications
- Social: social housing, schools, hospitals
What is HS2 and where will it run?
New high speed rail line that will link London, Birmingham and other Northern cities
Why is HS2 important for regional growth?
It will allow for greater inter connectivity between the U.K’s cities and so will encourage more investment in regional, cities like Birmingham, rather than just London
What did deregulation in 1986 do?
- It removed the monopoly of the London stock exchange which allowed any bank, financial advisor or individual to trade shares
- It allowed international banks and companies to trade on the U.K’s market
What were some positives of deregulation?
- The U.K’s economy was transformed. Banking grew from 15.5% of the economy in 1986 to 30% now
- The new Canary Warf development led to the regeneration of the dock lands area
What were some negatives of deregulation?
- It is harder for U.K banks and businesses to set up due to international competition
- It has become much harder to regulate trading in the U.K
How does the U.K government control planning?
- The U.K government can make important planning decisions if it is deemed to be in the national interest
- Since 2010, the Government and national planning policy framework has focused on planning promotions economic growth
How does the U.K government control house building laws?
- The Government has set house building targets and built affordable housing themselves
- The conservatives right to buy scheme has seen the sale of 2 million council homes between 1980-95
How does the U.K government control permission for fracking?
- The central Government control permission for fracking rather than local government
- The Government is keen to promote fracking as it will increase the U.K’s energy security
What is a science park?
An area devoted to scientific research or development of technological business
Why do local governments compete to set up science parks?
Science parks are attractive areas for businesses and investors and attract both investors as well as high income earners who in turn boost the local economy
Why is there tension between groups around regeneration and how can these groups be classified?
-There is often tension as some groups want to preserve an area, whereas others want to regenerate the area.
These groups can be:
Socioeconomic (age, trade unions, local centres)
Environmental (local conservation or preservation societies)
What is regeneration?
Investment in an area that triggers a process of cumulative causation which ‘renews’ and benefits the area
What is re-imaging?
An area is ‘sold’ or ‘advertised’ to change the impression of the area to attract investors or people. This could be as simple as an area changing its name
How was the titanic quarter rebranded?
- It is Europe’s largest waterfront development
- It incorporated modern architecture whilst also maintaining historic features e.g. the dock’s lifting cranes
- The area includes the ‘titanic visitors centre’ that attracted which welcomed 1million visitors in its first year, 70% of whom were foreign
- The new development has created 893 jobs and £105 million from tourism
