Regeneration has 3 distinct aspects to it for an urban area to besuccessfully regenerated. It is dividedinto economic development, physical improvement and environmental actions.Generally economic regeneration dealswith the social and economic issues of transportation projects provide fundingfor transport measures that support area regeneration objectives.
It gives priority to the public transport needs ofregeneration areas within local transport plans and public funding decisionsFinance and fund brownfield development. Charge taxes to all forms of privatenon-residential car parking provision (see Sustainable Economy) Restructure economy towards sectors that consumesfewer environmental resources in use, manufacturing or disposal (seeSustainable Economy) Charge an environmental impact fees on new development toreflect its full environmental costs (see Sustainable Economy) Charge tax on vacantland, which does not penalise genuine developers, but which deters ownersholding onto land unnecessarily (see Sustainable Economy) Rate houses forenvironmental rating and running cost rating, so that house-buyers know whatthey are getting for their money (see Sustainable Economy) Tackle Low DemandHousing Areas Enforce the sale ofabandoned and dilapidated sites or buildingsAllow public bodies flexibility to pay disturbance payments over andabove market value in reaching negotiated settlements for the acquisition ofland Allocate an above-inflation funds for managing and maintaining the urbanenvironment Establish jointly funded management arrangements between localauthorities and local businesses forimproving town centres and other commercial districts (see Facilitate EconomicSuccess ) Use fines from criminal damage and community reparation to repair andmaintain the local environment, according to local people’s stated prioritiesTake into account economic needs when designating employment sites in localdevelopment plans (see Facilitate Economic Success ) Create revolving funds forland assembly, so that public investment in the initial costs of site purchasecan be off-set by a share of subsequent gains achieved through regeneration anddisposal Introduce regional regeneration investment companies and funds, toincrease the amount of private finance flowing into the regeneration projects(see Facilitate Economic Success ) Pilot estate renewal projects and other arearegeneration projects through the private finance initiative (see Facilitate Economic Success ) Introducea package of tax measures, providing incentives for developers, investors,small landlords, owner-occupiers and tenants to contribute to the regenerationof urban sites and buildings that would not otherwise be developed (see Sustainable Economy) They wanted to restrictpublic subsidy for social housing developments of more than 25 homes to schemeswhere homes for rent are integrated with shared and full-ownership housingIncrease the cost effectiveness of public support for housing renewal byprivate owners by using a mix of grants, loans, equity stakes and tax relief toencourage home improvements
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