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Creative way to regenerate
Published: 2010-01-21 09:42:13
A recent study recommended a radical re-think on how regeneration projects are delivered in northern England.
The study by Northern Way - a partnership of three northern development agencies including One North East - said projects vital to economic growth could be hindered by a lack of investment from the public and private sectors. (Sourced from nebusiness.co.uk.)
The findings showed that regeneration chiefs will have to find creative solutions to drive forward regeneration schemes, with public spending expected to be cut and private investment constrained in a tough economic climate.
Recommendations included simplifying the complex maze of partnerships and local delivery vehicles, combining public and private sector resources and boosting participation of the third sector to de-risk regeneration schemes.
Andrew Lewis, director of the Northern Way, said the study findings provided a timely review of the barriers and opportunities facing economic regeneration.
He said: “They demonstrate the need to build on good practice, de-risk projects, focus on investment and jobs, and get more for less.”
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