Property-Led Regeneration

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  • Topic: Liverpool, Albert Dock, Urban decay
  • Pages : 2 (608 words )
  • Download(s) : 152
  • Published : February 23, 2013
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What is meant by property-led regeneration? (3 marks)
Property-led regeneration involves the regeneration of an inner city area by changing the image of the area, improving the environment, attracting private investment and improving confidence for further investment. In many cases it involves a flagship project such as the redevelopment of the Albert Dock. Urban Development corporations are the main form of property-led regeneration. With reference to property led regeneration, name one case study, describe its aims and comment on its effectiveness? (8 marks) Property-led regeneration involves the regeneration of an inner city area by changing the image of the area, improving the environment, attracting private investment and improving confidence for further investment. In many cases it involves a flagship project such as the redevelopment of the Albert Dock. Urban Development corporations are the main form of property-led regeneration. UDC’s were set up in 1980 and were given planning powers over and above that of the local authority in an attempt to regenerate the area. The example of Merseyside UDC highlights the effectiveness of schemes such as this. In 1981, 2 UDC’s, London docklands and Merseyside were established. 11 other followed. In 1981 the corporation was set up to regenerate 865 acres if mostly derelict and disused docklands in Liverpool. It spent £186 million and refurbished 2.3 million square foot of buildings; including the Albert Dock the largest collection of Grade 1 listed buildings in the country. 259 business units have been provided, including the Brunswick Business Park in the South Docks. It also staged the first International Garden Festival, on a derelict site close to Dingle .The site was de-contaminated and provided with the necessary infrastructure and access roads to accommodate the festival and future development of the site. The work was completed on time and the International Garden Festival attracted 3.4 million visitors to...
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