What is it?
- attempt to regenerate east end london which faced problems at start of 1980's
- high unemployment in 1982 it was 24%, twice the national average, poor housing, high crime levels, outermigration of wealthier residents and skilled people
- decline of British empire
- globalisation and loss of manufacturing as LEDC's begin to produce cheaper goods.
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- major government investment of £1.86 billion combined with private investment of £7.7 billion
- financial companies move from city to new office blocks as area is revamped
- housing is improved- 8000 local authority homes re-ferbished- 20,000 new homes built- former warehouses converted into luxury flats
- infrastructure improvements- docklands light railway, Jubliee line underground extension, city aiport, millennium dome and watersports marinas
- old warehouses converted into luxury flats, new bars and restaurants to encorage the new cash rich professional class
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did it work?
- 80,000 jobs created
- No. of businesses more than doubled from 1000 to 2400
- unemployment fallen from 24% in 1982 to 9.5% in 1996
- 94 awards for conservation, architecture and landscaping
- of the 80,000 jobs created most were relocated jobs out of London
- very few affordable homes built
- influence of new cash rich professional class affected the traditional east end working class culture
- some infrastructure was too expensive and a waste of money, the docklands light railway cost £73 million but services have been cut due to lack of demand
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