EQ3 - How Is Regeneration Managed Flashcards
(30 cards)
Define Rebranding
The marketing aspect of regeneration designed to attract businesses and residents
Define re-imaging
Making a place more attractive and desirable to invest and live in
Define Infrastructure
Is the basic physical systems of a place
Includes Economic (highways and water facilities) and social (hospitals and schools) infrastructure
What is a flagship regeneration project
Large scale, prestigous projects which hopes to make an area more atteactive
How important is Infrastructure development for regional growth
Regional growth is determined by infrastructure development
Without the correct infrastructure it is harder for regions to prosper
Infrastructure helps maintain economic growth
What is the HS2
A planned high speed railway which has two phases
Phase 1: London to Birmingham
Phase 2 : Manchester to Leeds
What are the advantages and disadvantages of HS2 for regional growth in UK Cities
A
Improved Journey times between major cities
60,000 jobs created
Reduces car traffic congestion and housing crisis
D
No intermediate stations (less economic benefit in smaller regions)
Very high financial cost (80-100 billion)
Destroys areas of natural beauty
What did the UK government change in 1986 in the UK’s Financial Sector
What did it include
Was deregulated resulting in a new era of prosperity for the Financial sector
Included: Any person could trade in shares, overseas banks and other financial institutions could set up in London
What are the advantages and disadvantages of deregulation from the UK government
A
Lower barriers to entry , improved quality and competition
Increases choice for customers
Increases economic growth
D
Monopoly power could lead to higher prices of services
No guarantees of successful operation
Less protection for customers
What are the advantages and disadvantages of EU Free Labour Movement
A
Helps deal with labour shortages
Prevents wage inflation
Fills undesirable jobs
D
Causes infrastructure problems (lack of housing and services)
Congestion
Developing countries lose their best skilled labour
Explain the development of planning laws
Is about how land is used , shaping places to improve an existing place or change its image completely
Governments planning policy helps stimulate economic growth and allow development if it benefits the local community and fits in with their local plan
Explain the development of house affordability
The government involved themselves in housing supply to make it more affordable, introducing social housing and the right to buy scheme
However there is a shortfall in supply, underinvestment and the inflated price of housing , reducing the amount of affordable housing
Explain the development of house building targets
Need for extra housing due to : rising population , increased number of households and overseas investors
More housing is needed to meet demand, by 2030 the UK will need an extra 300 million housing units
Explain the development of permission for fracking
Fracking is a process of extracting gas from shale rock using hydraulic fracturing
Government priorities increasing energy supplies
Local and national anti-fracking pressure groups have opposed fracking and local authorities have banned it
Define a science park
Is there competition for science parks
An area devoted to scientific research or development of technological businesses . Good for an area due to investment attracted
Competition to attract investors and workers who are highly skilled
What did Cambridge and Oxford do to create a science park
Cambridge science park opened with small start up companies and large TNC’s like Toshiba and Microsoft
Oxford science parks host many start up bioscience and computer hardware/software companies
The science parks have allowed economic growth and attracted skilled workers to the area
What role do local interest groups have in regeneration
How can they be categorised
When regeneration occurs a number of different players are involved , with different interests and aims
Socio-economic (youth and retirement groups)
Environmental (local conservation groups)
Explain how the Queen Olympic Park , London was regenerated
Economically , Socially and Environmentally
Was a Brownfield Site
Olympic Stadium , Aquatic centre and 2800 flats were built
Westfields shopping centre and Stratford Train station were also built
7000 additional homes were built and 25000 jobs were created from offices being built
The river which was described as ecologically dead has improved
Unemployment has lowered from 13% to 9%
Old businesses and residents in social housing were forced out
Explain how Powys, Wales were regenerated
Economically, Socially and Environmentally
Suffers from a skill shortage , with a low wage economy and a lack of universities
Is a rural area who wanted to : attract young people, tourism, renewable energy research and development , economic growth and education
Investment into renewable energy research and development as well as water regulation took place to help boost the economy and attract workers
Define Rebranding
Is making changes to a place to alter peoples ideas of a place
Define Re-imaging
Is changing a place from somewhere that looks bad to somewhere that looks good
What must a rebranding scheme have in order to be successful
Regeneration : Investment into the area
Re- imaging : Advertising that changes the impression that is held
What may target groups be for a rebranding scheme
May be :
Visitors
Residents and employees
Businesses or Industries
What is a key component of successful regeneration
What is it in Urban and Rural areas
Place identity is a key component
In urban areas they take advantage of their victorian industrial heritage
In rural areas they take advantage of their historical references
