The ultimate goal is to create an authentic place that meets the needs and aspirations of the community. The benefits of urban regeneration are well known. When done well, it sees run-down areas revitalised and creates vibrant spaces that people want to live and work in.
Why might an area become run down?
Urban change and regeneration
overcrowding. poor-quality housing. competition from out-of-town shopping centres.
Why do places get regenerated?
Urban regeneration is the attempt to reverse that decline by both improving the physical structure, and, more importantly and elusively, the economy of those areas. ... In all regeneration programmes, public money is used as an attempt to pump prime private investment into an area.