Section B - Regenerating Places - EQ4 - How Successful is Regeneration? Flashcards
Deprivation in Barking and Dagenham - What happened when Ford moved out, where does it rank in terms of deprivation, unemployment rate, % of residents earning below London’s living wage?
- After Ford ended car assembly in Dagenham in 2002, there has been a legacy of deprivation in Dagenham
- By 2015, Barking and Dagenham was the 9th most deprived local authority in England with London’s highest unemployment rate (9.8%), and 27% of residents earning below London’s living wage
Deprivation in Barking and Dagenham - What does deprivation take into account and where does Barking and Dagenham rank on the Index of Multiple Deprivation?
- Deprivation measuring takes into account social (education, health, crime), economic (income and employment deprivation, and barriers to housing), and environmental factors (environmental degradation)
- Barking and Dagenham ranks 2.6 on the Index of Multiple Deprivation, an average index of all seven factors
Regeneration in Barking and Dagenham - Beam Park
Located on land previously occupied by Ford, the western side will create 40,000m2 of workspace, a hotel, and a pub to employ local residents
Regeneration in Barking and Dagenham - Barking town centre
By 2014, over 400 homes and 1000m2 of commercial space had been created
Regeneration in Barking and Dagenham - Gascoigne estate
The regeneration of the most deprived housing estate in the borough will provide 1500 of new homes by 2024, together with schools, a community centre, office space, and outdoor space
Regeneration in Barking and Dagenham - Barking Riverside
London’s largest regeneration site will create 11,000 new homes, parkland, five schools, health centres, places of worship, community facilities, and 65,000m2 work space which should create 6000 jobs by 2020
Evaluating regeneration in Barking and Dagenham - Comparison between Barking/Dagenham and London - % of workforce as managers, directors, and senior officials
B/D - 6.8%
LDN - 11.6%
Evaluating regeneration in Barking and Dagenham - Comparison between Barking/Dagenham and London - % of workforce as teachers and doctors
B/D - 13.3%
LDN - 22.5%
Evaluating regeneration in Barking and Dagenham - Comparison between Barking/Dagenham and Tower Hamlets - Median income
B/D - £517.40
LDN - £804.90
Evaluating regeneration in Barking and Dagenham - Comparison between Barking/Dagenham and London - Male life expectancy
B/D - 76.3 years
LDN - 78.2 years
Evaluating regeneration in Barking and Dagenham - Comparison between Barking/Dagenham and London - Female life expectancy
B/D - 81.2 years
LDN - 83.4 years
Evaluating regeneration in Barking and Dagenham - Comparison between Barking/Dagenham and London - Infant mortality rate per 1000
B/D - 5.3
LDN - 2.2
Different sources of investment - Private sector investment (Westfield)
- Stratford’s Westfield shopping centre in East London created over 10,000 new jobs through retail led regeneration
- Westfield, an Australian property company with a 50% stake in the shopping centre, borrowed £700 million to build it
- It is recovering its costs by leasing space in the centre to retain companies – the first four years brought an annual turnover of £1 billion
Different sources of investment - Public sector investment
- A recent example of this is the 2012 London Olympics regeneration, supported by the London Assembly and its Mayor
- The Games cost £9.3 billion to put together, and these costs were recovered through ticketing, TV sponsorship, and the post-Games sale of apartments and houses in the Athletes’ Village
- Against many expectations, the 2012 Games were delivered on time, under budget, and at a profit
- In 2001, East London contained some of the poorest boroughs in the UK, and it was believed that the Games could help reduce the gap between the rich and poor in London as well as improving London’s brand
- Post Games, office developments are going to create 40,000m2 of work space, and residential areas will create 9000 new homes by 2025
Different sources of investment - Public private partnership
- Docklands regeneration – although portrayed as ‘market led regeneration’, it actually involved a partnership between the gov (which handed over land and financial grants) and property developers (who ensured that regeneration would create jobs, economic growth, and housing)
- Gov regarded costs as an economic investment as well as being socially advantageous by reducing local unemployment and social problems