4A.7 Role of UK government in regeneration

Infrastructure investment

Infrastructure investment

HS2

→ add 10b to economy in next 10 years (over 200% growth)

→ connectivity - 30,000 new jobs

→ infrastructure improvements

Regeneration around:

→ homes increase by 500%

→ encourages mix-use developments

→ enhance public spaces

Airport development

1. Job creation and skill development

2. Economic growth in wythenshawe - e.g. metrolink extension

3. Regional benefits for GM

4. Long term impact - more businesses

Planning decisions

• Planning laws

Protect green spaces (e.g. use brownfield sites, increasing house density)

• House building targets

300,000 houses a year

• Housing affordability

Support low paid workers or retain young people

Financial deregulation

Easier for businesses to grow by reducing the rules

→ invest more freely; foreign investment in London real estate

Invest in long term projects - infrastructure, investment and house building

→ more jobs, positive multiplier effect, attract people

International migration