Housing-led Regeneration and the Local Impacts of the Credit Crunch

The current recession has major implications for residential-led regeneration activity across the UK. Current funding models are breaking down and the goals of regeneration activity will, for some time, be much harder to achieve. The Government getting to grips with the big picture is a necessary condition to making future progress with regeneration. In the short term, registered social landlords have a more prominent role to play in keeping regeneration activity going, and ensuring capacity in the construction sector is not lost. Innovative thinking on funding models for property development in regeneration areas is required. However, recessions pass; regeneration remains about long-term structural change, and the residential-led approach to regeneration will survive.