The local economic impacts of regeneration projects: Evidence from UK's single regeneration budget

Stephen Gibbons; Henry Overman; Matti Sarvimäki

doi:10.1016/j.jue.2020.103315

The local economic impacts of regeneration projects: Evidence from UK's single regeneration budget

Stephen Gibbons^*, Henry Overman, Matti Sarvimäki

^*Corresponding author for this work

Department of Economics

Research output: Contribution to journal › Article › Scientific › peer-review

11 Citations (Scopus)

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Abstract

Many governments aim to improve the labour market outcomes of people living in deprived areas through "place-making" initiatives. Economists are often sceptical about the effectiveness of such policies, but empirical evidence on their impacts remains limited. We examine the impact of building subsidised business floor space in deprived neighbourhoods in the UK. Our estimates suggest that while the £8.2bn investment into these projects increased the number of jobs located in the targeted neighbourhoods, it did little to improve the employment of local residents.

Original language	English
Article number	103315
Number of pages	11
Journal	JOURNAL OF URBAN ECONOMICS
Volume	122
DOIs	https://doi.org/10.1016/j.jue.2020.103315
Publication status	Published - Mar 2021
MoE publication type	A1 Journal article-refereed

Keywords

Employment
Neighbourhoods
Regeneration
Single regeneration budget
Urban policy

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10.1016/j.jue.2020.103315Licence: CC BY

1-s2.0-S0094119020300863-mainFinal published version, 560 KBLicence: CC BY

Cite this

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The local economic impacts of regeneration projects: Evidence from UK's single regeneration budget

Abstract

Keywords

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