Property-led regeneration - London Thames Gateway case study

HideShow resource information
Preview of Property-led regeneration - London Thames Gateway case study

First 501 words of the document:

Property-led Regeneration:
London Thames Gateway
Property-led regeneration schemes involve building or improving property in an area to change
its image and improve the local environment to encourage further investment and the return of
people and business. Usually set up by UCDs who plan & coordinate the development.
Characteristics
LTG is a large area stretching along 40miles of the Thames to East London and covers 200,000
hectares. The area was once important for manufacturing and trading, however the industry
declined in the 60s and the area became run down. The London Thames Gateway Development
Corporation (LTGDC) is a 10-year programme set up in 2004 to regenerate areas of the LTG to the
North & East of the London Docklands. The area provides a massive opportunity to reduce the
problem of lack of affordable housing in London. Major investment is needed to repair infrastructure
and reinstatement of damaged former industrial land.
Thames Gateway Delivery plan November 2007:
`Through this delivery plan we are backing our vision with clear cross-government priorities and
funding commitments. The plan provides a framework for making the best use of public investment,
local ownership, big project expertise and private sector entrepreneurship. It sets out a proposed
spending programme for 2008-2001 which includes £500 million for regeneration and £100 million for
transport improvements within a total Government investment commitment of over £9 billion.
The plan is structured around 3 driving forces for a positive change:
Strong economy - Key economic development projects are at the heart of the creation of jobs
and wealth. For example, The Olympics, regeneration at the heart of the 2012 Olympic bid. The
London Development Agency set up an employment and skill action plan designed to get Londoners
into work through the games. Another example is the conversion of a former oil refinery at the
London Gateway to prove the largest deep-water port in Europe to allow for the largest container
ships with good transport links. The owners are investing £15 billion to create 14,000 new jobs by 2025.
A new learning centre for ports and logistics will be built to create a skilled workforce
Improvement to the quality of life - Economic investment alone is not sufficient. The
Thames Gateway must be a beautiful place to live, work and visit, so that local communities can
thrive and enjoy the benefits regeneration can bring. Improving the quality of life for all residents in
the Gateway is a critical part of regeneration ­ building more affordable houses, investing in thriving
town centres, beautiful public places and spaces, improving the quality of public services, and
supporting community cohesion are all vital parts of the Thames Gateway programme. We have
already:
Sorted problems preventing housing development at Ebbsfleet Valley
Completed new flood defences and land raising at Rochester Riverside
Spent £34 million over the last three years improving green spaces, including Rainham
Marshes

Other pages in this set

Page 2

Preview of page 2

Here's a taster:

The scheme continues to invest in more and better homes ­ including more affordable
homes for local people. It is vital that the development of services mirrors the housing
developments, to this, these plans have been put in place:
Prioritising housing programmes in the ten locations where extra homes are most urgently
needed. These ten programmes are expected to deliver nearly 110,000 homes by 2016, the
majority of our target figure.
Investment over £800 million in around 15,000 affordable homes;
Long term £1.…read more

Page 3

Preview of page 3

Here's a taster:

Successes
Population of the area is growing. 2001-2011 the pop. in Barking & Dagenham rose by 12%.
Renovation on schools has led to improvements in pupil's educational achievements.
£40million renovation at St Pauls Way Trust School has improved science, drama and
sports facilities. As a result, A*- C grades improved from 29% to 46% in one year.
Concerns
LTGDC have been accused for not listening to the opinions of the locals.…read more

Comments

No comments have yet been made

Similar Geography resources:

See all Geography resources »See all resources »