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This report will
be of particular interest to organisations across the construction
sector. It provides a comprehensive review of the regeneration
sector - identifying major developments, funding streams and future
prospects
The chart (left)
illustrates that retail space accounts for around 22% of floor space
in regeneration projects, with commercial and office space
accounting for 15%, leisure and entertainment space 10% and
industrial space around 8%. While no specific data on housing floor
space is measured, estimates suggest a share of around 25% would be
for housing developments
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Housing is central to the
regeneration process and the report reviews the key drivers of urban
regeneration, including retail and commercial office development and
affordable housing backed by the Government’s commitment to build 3
million new homes by 2020, and by the recent pledge to establish 10
eco-towns of 10,000 to 20,000 homes each. Housing and regeneration has now
moved further up the political agenda than at any time since the 1960s,
which will have considerable implications for the regeneration sector.
The Government alone spends over
£4 billion annually on regeneration and housing projects across the UK and
over £2.8 billion of private sector investment has been attracted into
regeneration since 2001 and the Report reviews the main sources of public
and private sector funding for regeneration and the key grants available.
There are currently over 100
renewal projects with values over £30m taking place in the UK, with total
estimated build costs of more than £87 billion and 50 of the top schemes
are reviewed together with the leading financiers, developers, house
builders and contractors involved in the regeneration sector.
The regeneration development
pipeline suggests a trend towards more mixed-use development, which has
implications for house builders, contractors and developers. The
successful players currently operating in the regeneration sector are now
seeking to integrate and operate within a highly-mixed development
environment, by offering a broad range of skills across a wide range of
construction sectors such as residential, commercial, leisure and public
sector, as well as undertaking specialist schemes.
Further growth in the
Regeneration sector is forecast for 2008-10. Supported by public sector
funds and partners, regeneration projects are seen as less vulnerable in a
weakening construction market than speculative and purely private sector
developments.
AMA Research’s “Urban
Regeneration Market UK - 2008-2012” report is available in hard copy or
electronic format for £625 and can be ordered online at
www.amaresearch.co.uk or by calling 0871 3103450.
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