Regeneration-EQ4 Flashcards
Define Social progress
How an individual/ community has improved their status in society over time
Describe the measures used to measure social progress
- education
- health
- crime levels
- barriers to housing and services
Define Living environment deprivation
Measures local environmental quality, including housing quality, air quality and traffic levels.
What investment strategies are used in urban regeneration?
Private investment
Public-private partnership
Public sector investment
Private investments example
When a private investor or company puts money into a development.
E.g. Westfield Stratford
Public-private partnership
When the government gives grants and land to developers who create buildings jobs and housing
Example: Docklands
Public sector investment example
When the government invests in projects/developments
Example: London olympics
Who were the key stake holders involved in the Olympic park regeneration
Uk central government agencies Local governments regional government Regional government Local economy stake holders Environmental stake holders Stakeholders in people
Uk central government agency
the London Legacy development Coporation was formed to over see the use of venues post 2012 as well as increasing employment and housing
What was the Olympic site like before regeneration
- low achievements in education
- industrial waste lands
- Higher than average unemployment
- Low household incomes
Social pros of the Olympic Games
- Athletes village being turned into about 3000 new homes
- new school opened on the Olympic site
- unemployment fell during the Olympics
Economics pros of the olympics
- The olympics generated £10 billion pounds in extra income for the UK
- All of the Olympic venues were able to be sold off to private companies
Environmental pros of the olympics
- New habitats were created in the green parkland
- the quality for the river Lea’s water has improved
- the brownfield sites were cleaned up
Social cons of the olympics
- 450 housing association flats were torn down
- High levels of unemployment in the borough still remain
- The construction of the site employed few local people
Economic costs of the olympics
- The stadium cost 3x times the estimate
- 8.77 billion pounds of tax payers money was spent
- existing businesses were shut down
Environmental cons of the Olympics
- wildlife had to be relocated
- Building material was imported
- Games produced 3.3 million tonnes of CO2
How does convergences funding work?
- business owner raises some money
- organisations, such as local, regional and national government then match fund this money
- the business can start with investment
- investment is payed back with creation of new jobs and boost to the local economy
Key players in Cornwalls regeneration
- EU: convergence funding
- UK central government agencies
- Local government
- Stake holders in the economy
- Environmental stake holder: National trust, RHS and English heritage
- Stake holders in people
What is Brain drain and how is it being combated in Cornwall
- When young people with a good education leave for urban areas to find high skilled jobs
- Cornwall is trying to combat brain drain by setting up Combined universities with local colleges and Exeter to up skill people to attract knowledge based companies
Define sustainable development
Meeting the needs of the present without compromising the the ability of future generations to meet their own needs
