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Financing property's contribution to regeneration

Biomedical Sciences Research Institute Computer Science Research Institute Environmental Sciences Research Institute Nanotechnology & Advanced Materials Research Institute

Adair, A, Berry, J and McGreal, S (2003) Financing property's contribution to regeneration. URBAN STUDIES, 40 (5-6). pp. 1065-1080. [Journal article]

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DOI: 10.1080/0042098032000074326

Abstract

Attracting investment and finance into inner-city and other renewal areas poses particular difficulties and is frequently reliant on strong public-sector commitment through special incentives or other mechanisms to provide the conditions to lever private-sector activity. This paper initially links the concept of market failure and the rationale for regeneration and examines policy responses from UK, European and US perspectives, followed by a consideration of public- and private-sector financing approaches. International perspectives draw particularly upon the use of tax-based mechanisms in regeneration-notably, those used in the US. In the European context, the paper highlights implications for regeneration stemming from the interpretation of State Aid rules and competition policy. Conclusions reflect upon the complexity of regeneration and the importance of the different stakeholders within the regeneration process.

Item Type:Journal article
Faculties and Schools:Faculty of Art, Design and the Built Environment
Faculty of Art, Design and the Built Environment > School of the Built Environment
Research Institutes and Groups:Built Environment Research Institute
Built Environment Research Institute > Centre for Research on Property and Planning (RPP)
ID Code:2505
Deposited By:Mrs Sadie Magee
Deposited On:10 Dec 2009 13:13
Last Modified:15 Jun 2011 10:47

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