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More often than not, urban regeneration is a signpost of future growth 66 and demand, resulting in the amenities that attract new residents
SevernCapital
project is expected to create 7,500 new jobs, along with 1,500 new homes and 195 acres of business community. Businesses will benefit from improved rail links to Reading, Basingstoke and London, as well from extra bus lanes, cycle paths and traffic-free routes.
Bournemouth and Poole push ahead
Dorset LEP is a driving force behind numerous regeneration projects. Three inter-linked projects in Bournemouth aim to create a significant commercial business district by upgrading transport and technology infrastructure.
In addition, the Bournemouth International Growth programme aims to reduce congestion, improve connectivity and create new jobs around the airport, including releasing land for new business premises. The programme is expected to provide a major employment opportunity, with up to 10,000 new high-skilled jobs over the next decade.
Balancing commercial expansion with cultural regeneration in the town is evident in a state-of-the-art rehabilitation centre, due to open in September 2022, that will feature mental health and sports therapy to increase capacity in the region, as well as creating new jobs. Professor Lesley Haig, Vice-Chancellor of AECC University College, said: “The facilities will allow us to grow provision into new areas in allied health, advanced clinical practice and other areas and specialisms in response to the demands of the local and regional health and care workforce.”
Along the coast in Poole, a regeneration programme will provide six transport schemes to improve access and also deliver around 2,500 new homes. Financing of the scheme included £22m of government Local Growth Fund allocated to Dorset LEP, plus an anticipated £500 million of private investment.
Commenting on the completion of all of Dorset LEP’s latest Local Growth Fund projects, Cecilia Bufton, Chair of Dorset LEP, said: “We have demonstrated to government that they can have confidence in us to deliver its national capital growth programmes locally and to great success.”
Regeneration is good for business
The extent and scale of the South East’s regeneration projects should provide a strong springboard for long- term economic growth and improved social welfare. As SevenCapital points out: “More often than not, urban regeneration is a signpost of future growth and demand, resulting in the amenities that attract new residents.”
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