Regnerating Places EQ3 Flashcards
What is Diversification?
A regeneration strategy where farms and other rural businesses expand the ways in which they make money with a move away from traditional farming activities.
What is the strategy when farms branch out from traditional activities to sell produce and products?
Farm Diversification (agricultural based).
An example could by Spring Farm in Sussex breeds alpacas which can be bought for shows.
What is the strategy where farms branch out from traditional agriculture to use land for activities unrelated to farming?
Farm Diversification (non- agricultural based).
An example could be Tulleys Farm in West Sussex running an annual event Shocktober over Halloween.
What is the strategy where rural areas will use the cultural history of a place for regeneration?
Heritage Rebranding.
An example is Fowey in Cornwall offers literary tours where visitors follow a route linked to Daphne du Maurier.
What is the strategy where a rural area will use a single big attraction to attract people to an area to end up using other facilities?
Destination Tourism.
An example the Eden Project in Cornwall has two giant biomes built on an unused clay pit.
What is the strategy where rural areas will use adventure activities to attract a wide range of people?
Outdoor Pursuits.
Watergate Bay in Cornwall offers activities such as rock climbing.
What is Pump Priming?
When the government allocated funds for regeneration expecting outside investment to come in.
What are the Positives of HS2?
Create jobs and growth.
Longevity which lasting 120 years.
High employment of 31,000.
Restoration and enhancement of natural environments around it.
Zero carbon.
Small economic hubs created.
What are the Negatives of HS2?
Goes through rural areas causing disturbance to people.
Initial cost of 37.5 billion doubled to 71 billion.
Lots of delays and cancellations of the project.
Funding issues.
What is a Sovereign Wealth Fund (SWF)?
A state owned investment fund, investing in real and financial assets such as real estate.
Give some examples of Sovereign Wealth Funds (SWF)?
Abu Dhabi SWF - Manchester City FC.
Qatar Investment Authority - The Shard.
Chinese SWF - Hinkley Point C.
What is Deregulation?
Giving favourable conditions for incoming businesses to encourage investment.
What year did the ‘Big Bang’ occur and under who?
1986 under Margaret Thatcher.
What opportunities did the ‘Big Bang’ provide?
Reduced barriers to entry.
Reduced corporation tax.
Welcoming of foreign companies.
Inward investment to remove deprivation.
What are some impacts of Brexit on the UK?
Interruption of the flow of goods, people and investment.
Extra charges when buying online from the EU.
A fear that people would not get medicines easily.
How can migration help with regeneration?
Low skilled migrants can fill the job shortages of low skilled work such as Bin men.
High skilled migrants can fill the jobs shortages of high skilled work such as Doctors or Nurses.
Allowing people to move to different areas easily helps with the regeneration of an area.
What are the 5 governments policies that can cause regeneration?
Deregulation.
Migration.
Brexit.
Planning.
Infrastructure projects.
What are Local Enterprise Zones?
Designated areas aimed at stimulating economic growth by offering incentives to businesses to establish or expand operations.
How many Local Enterprise Zones are there in the UK?
There are 48.
What may some of the incentives of Local Enterprise Zones be?
A business rate discount of up to 100% for 5 years.
Enhanced capital allowances for machinery and equipment purchases.
Simplified planning regulations.
What two Local Enterprise Zones can we compare?
The Infinity Park - Derby (Success).
The Newquay Aero hub - Cornwall (Failure).
What are the successes of The Infinity Park - Derby?
Employed 42000 people in 2015.
Provides attractive areas for further inward investment.
Helps to establish small to medium businesses.
What are the failures of The Newquay Aero hub - Cornwall?
Employed only 450 people in 2015.
Not many jobs made only transferred from one place to another.
Had existent business nearby move there, so not any new businesses.
What are some of the local groups in Horsham?
Horsham Green Gym.
4 The Youth.
Friends of Horsham Park.
