Urban Development Corporations Flashcards
1
Q
Details and named example
A
Regenerate inner city areas
Funding came from central government
Marketing was used to attract private investment
London Docklands Development
2
Q
Successes
A
Effective in attracting new businesses to run down areas and improving the environment of UDC areas
By the mid 1990’s they had attracted over £12 billion in private sector investment and created 19,000 jobs
3
Q
Limitations
A
Property led approach did little to tackle social problems
Lost huge sums of money through compulsory purchase in land which later fell in value
Local people complained that they had little involvement in processes
In docklands locals didn’t tend to benefit from new houses and jobs created
