external forces - New Islington

what does New Islington show

how shifting flows of money and investment can change the character of a place and shows the impact of external forces

what was the New Islington development initiated by

3rd millennium community to be announced by government as part of programme of developments aimed at ensuring long term sustainability

location

regeneration of Cardroom estate and surrounding area - renamed New Islington

aim

create a new urban aesthetic that would meet the needs of the community and encourage skilled people into the area

what was the Cardroom estate like before

1940s densely packed industrial and residential area, 10% population decrease since 1970’s, house prices collapsed and 1/5 properties left empty, 50% manufacturing jobs lost

changes seen from the scheme

old mills turned into offices and commercial space

outdoor space modernised for resident enjoyment

attempted to make homes affordable to encourage wider range of people into the area

Chips building

commercial space with 142 apartments, available to buy rent or share ownership. modern housing aimed to attract young professionals who would likely settle in the area when starting a family

first buy scheme

government backed initiative funded by the homes and community agency to help people buy homes for as little as 80% of the value

house value

house values almost doubled attracting rich young professionals

population change

Ancoats population rising by 8.1% 2017-18

3 limitations of the scheme

some preferred living in more traditional housing so some new housing difficult to sell

problems with housing market during the recession nearly stopped the scheme

still high crime rates largely due to proximity to Miles platting

5 positives of the scheme

Management team one a constructing excellence national award,

retained lots of industrial heritage in street names e.g. Anita street to recognise previous name Sanitary street and 5 monoliths at Cutting Room square

community involvement

created training and employment for locals trained more in manual jobs

diverse range of people in the area - skilled manual workers and highly paid professionals