Evalaute the Success of the Regeneration of London Docklands. Which Groups Have Benefited, Which Have Not From the Investement Made By the LDDC?

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EVALAUTE THE SUCCESS OF THE REGENERATION OF LONDON DOCKLANDS. WHICH GROUPS HABE BENEFITED, WHICH HAVE NOT FROM THE INVESTEMENT MADE BY THE LDDC?

The regeneration of the London Docklands, an area of approximately twenty square kilometres, over the past decade has not only provided a valuable base for London's business to sit on but has put London on an ever increasing economic map. The use of a ' brown field' site to situate this new venture has set a trend that has been adopted quickly throughout Britain. As the docklands were once the core of London's economy, employing around ten thousand people, it seemed appropriate to replace it with a similar modern day equivalent.

The regeneration of the London Docklands has provided large amounts of office space, luxury housing and provided large amounts of services including an airport, highway and high speed boat service.

The changes were funded by a £440 million pound grant that was set up in 1981, under the name of the ' London Docklands Development Corporations'. This set up has achieved a great deal through its venture and has benefited from its work. They sold the derelict land very quickly by clearing it and leaving it ready for developers to expand on. They also achieved this as they offered very good packages on the land for new companies to set up on; no fees or rent for 10 years was a main factor in this attraction scheme. New companies saw this as a perfect stepping stone or base to build on, and this also gave the Docklands a new revived image with modern firms based there. Lack of planning permission and cheap construction made establishment very easy. The LDDC benefited from selling this land, not only did it improve the image but it provided them with more money, as well as the grant to build around the new firms to complete the package of the revamped area. As a result the Stolport was built, an inner city airport along with new roads and improved infrastructure. The airport now provides quick and easy access for business men to the Docklands where they can work in modern surroundings and leave again; this addition has made business very simple and effective.
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With new schemes established employment is provided. The Docklands said by 1991 the area would be employing around 33000 people. This target was met and yet the Docklands continues to develop today providing yet more jobs, Limehouse studios situated itself there in 1995 and Canary Wharf employees a further 50000 people.

When the Docklands was established and development began 8000 jobs were produced instantly, that's nearly the same amount of employment the Docks produced in there original state, only after minor refurbishment had taken place.

The Docklands is a modern day business specific area, it ...

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