Publications

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Click on the above PDF icon to download this Engineering and Construction Insight to find out more about regeneration and the recession.

In 2009, the All Party Urban Development Group (APUDG) launched an inquiry into the funding of
regeneration during a recession. The inquiry, called "Regeneration and the recession: unlocking the money" looks into current conditions in the sector and assesses the viability of existing arrangements, such as Accelerated Development Zones, which could be adapted for the UK from the US Tax Increment Financing (TIF) model.

This insight covers:

1. How has the regeneration financing environment been affected by the financial crisis? Which investments are still going ahead? Under what conditions?

2. What practical steps can the public sector take to keep momentum going on regeneration during the recession and to take advantage of the upturn when it eventually comes?

3. What might be the long term impact of the financial crisis on the development industry? How might the private sector's approach to regeneration differ in the years ahead?

4. To what extent are existing regeneration models, such as Public Private Partnerships and Local Asset Backed Vehicles, still feasible? How might these financing models be adapted to fit the new circumstances?

5. What alternative financing models, such as Accelerated Development Zones and Regional Infrastructure Funds, could be introduced to keep regeneration going through the recession and beyond? How might these models work in practice? What might be the costs and benefits of using these tools?

6. What kinds of legal and policy changes might be necessary to trial new financing tools like ADZs?

7. Is there appetite in the private sector market to fund ADZ/TIF models? If not, what is needed to get the private sector interested in investing in these models?