Objectives of Urban Regeneration and Renewal Policy

The UK Government’s Urban regeneration and renewal policy can be understood as an economic plan which will provide for a well-being community. The main objective of the Urban regeneration and renewal is to create an economic and social balance in the community by stimulating growth and development.

The concept is very simple but effective. As stated previously, the primary aim is to achieve an equal distribution of income and opportunities in the community. This is accomplished by encouraging private investment, reducing taxes on personal incomes, improving public services and investing in infrastructure.

In this day and age of global economic uncertainty, it is crucial to have a strong government policy

The Urban regeneration and renewal policy are very important in these tough times. The government must act as an enabler in encouraging the growth of new businesses and in helping small businesses through restructuring and economic stimulus packages.

Urban Regeneration and Renewal - Objectives of Urban Regeneration and Renewal Policy

This will increase employment opportunities for those who wish to start up their own business. The government has identified five key objectives that must be achieved by the UK in order to boost the economy and create a balance between growth and stability.

The five objectives are to improve productivity through better education; to strengthen the industrial base; to create a stronger banking sector; to stimulate the housing market and to reduce the levels of public expenditure.

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The objectives are very similar to the objectives of the European Union but are more specific and are aimed at achieving balanced development in a community. Read: Regenerative Urban Development, Climate Change and the Common Good

The United Kingdom has committed itself to the principle of sustainability through the creation of the Greenhouse gas emission reduction scheme known as the European emissions trading scheme or ETS.

This is aimed at cutting down on the production of greenhouse gases which contribute to global warming and are believed to cause global warming. The UK has made a commitment to continue to grow its economy at a rate that supports job creation and also encourages the growth of new companies through a number of policies aimed at increasing new jobs.

This has been done through initiatives such as the Enterprise Partnership Program. Through this initiative, the UK has supported the small business through support and assistance through tax breaks.

The European Investment Bank has also provided small businesses with long-term loans to help them grow

The UK has also created a number of agencies to help support the development of a healthier and greener society. These agencies are responsible for the design and implementation of initiatives to reduce carbon emissions, to reduce waste and to improve public health through the provision of health services and environmental protection.

The Environment Agency works with local authorities to create green projects that benefit residents. The UK has developed a number of initiatives to promote sustainable building practices by providing grants for green projects through its Building Research Grant Scheme and its Environmental Technology Strategy.

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It is also looking to improve the efficiency of building regulations and practices by developing the UK Green Building Code. This program works to improve energy efficiency and reduces the impact on the environment and community.

The Government of the United Kingdom has also invested in research to find ways to produce energy from renewable sources. This research has helped to increase knowledge on how to use wind power, solar power and water to create power for the home.

The Department for Energy and Climate Change has made an investment of billions of pounds into research projects to develop technologies that can help harness these sources to create energy.

The Government of the United Kingdom has also provided billions of pounds in financial assistance to the Northern Power Grid to help it cope with the challenges posed by the economic downturn. In addition, the UK has invested billions of pounds in creating green infrastructure across the country which has improved the quality of life and allowed many to access cheaper energy and access to green resources for energy.

Urban regeneration and renewal are one of the major areas of concern for the United Kingdom. This has led to a large amount of money being made available through the government to help create new homes and developments for residents and provide more affordable home ownership to more people in the UK.

The government has also allocated millions of pounds to the UK’s Green Investment Bank and Green Growth Authority in order to support a number of projects. Read: Urban Economics and Real Estate: Theory and Policy

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There is a large amount of private sector funding provided to help in the construction of new developments that promote green projects. A large amount of private finance is now being used in the form of mortgages in order to finance the development of sustainable homes and developments.

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About the author

I am Adegboyega Tunde Temitayo. A registered Town Planner with the Nigerian Institute of Town Planners (NITP) and Town Planners Registration Council (TOPREC).

I love to think differently and possibly on various Urban and Regional Planning issues to proffer solutions to Urban and Rural Environmental Problems. You can subscribe to my YouTube Channel

As the Chief Editor of Town Planners Diary, I humbly welcome you to this platform which is about enhancing Planning Education through research on various Town Planning and Environmental issues.

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