AMA
Research has recently published the 2nd Edition of the UK Urban
Regeneration Market report, which should be of particular interest
to all construction professionals and provides a comprehensive and
easy to use review of the urban regeneration & renewal sector.
Over
the past decade, significant progress has been made in the
regeneration of many areas of the UK with many cities and run down
urban areas benefiting from a buoyant economy and extensive public
sector investment.
Around £6.5bn has been earmarked to be spent between 2009 and 2011
to promote the growth and regeneration of towns, cities and
communities. Housing and regeneration is now moving further up the
political agenda, which will have considerable implications for
the regeneration sector. The affordable housing market has
continued to evolve and will drive activity in the regeneration
sector, with Government emphasis now firmly on building ‘more
affordable, more sustainable new homes’, reinforced by it’s
commitment to build three million new homes by 2020.
Going forward, the affordable housing sector is likely to emerge
from the recession as a more significant force in the regeneration
sector. Of the top 20 urban regeneration schemes currently taking
place in the UK, over 126,000 new homes are being developed, of
which around 33,950 or 27% are affordable, with the largest
schemes located in London and the South East where a number of
residential-led schemes are planned reflecting the Government’s
drive for growth in these areas.
This
report is the 2nd Edition of our review of the Urban Regeneration
sector in the UK and illustrates how the Government’s commitment
to housing & regeneration programmes through the Homes and
Communities Agency has helped to underpin growth in the market
over the past few years. In particular, we review Government and
private investment in regeneration, the major affordable housing &
regeneration programmes of the HCA, future prospects for the
regeneration sector post 2011 and major contractors,
house-builders and developers involved in regeneration work.
The
main emphasis of this edition of the report though is the future
impact of a slowdown in public sector investment in 2011 as a
result of the budget deficit and how this will affect regeneration
development. In addition, the impending general election in 2010
will also be a potential source of change for UK regeneration
policy, whichever party is elected. We review in detail the
outlook for the sector under a Conservative government, should
they be elected.
Analysis of market developments has been based upon both
quantitative and qualitative assessments of both primary and
secondary source data. Interpretation of relevant data has been
undertaken to explore and support trends within the urban
regeneration market and to provide a basis for forecasts of future
prospects.
