what is regeneration
Regeneration is the improvement and investment into an area that has faced decline.
The aim is to solve many of the issues caused by deindustrialisation and urban decline.
These include derelict housing/buildings, polluted brownfield sites, low employment, low skilled population, less local services like education and healthcare, homelessness and green space.
why did Newham need help
*10 old docklands-10,000 jobs were lost
-most depraved area in Enngland
-55% of children were living in poverty
-abandoed and heavily pollued land
why was the Olympic park built
People hoped that by building the Olympic Park in this area, it would bring investment and help to solve many of the urban problems. It would lead to the multiplier effect.
what were the positives of regeneraion scheme in the Olympic Park
-brought £9 billion investment in the areaand extra income
-sports facilities remained open
-created thousands of job opportunities, (5000 in construction)
-unemployment fell
-transport improved- became interconnected with transport links
negativies
-house prices rose, becoming expensive
-500 residents and local business employed, 1100 were relocated
-high unemployment
