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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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Introduction

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. ...read more.

Middle

These developments have a chain reaction effect. As a result the London University set up its base near the Dockland area. This choice has a number of good effects. The graduates leaving find themselves in an affluent area providing many high-class jobs, as a result of this it prevents younger people moving away and even attracts younger people to the area. This gives the area a younger better image and places the Docklands on a recognition map. After the initial stages of set up the LDDC have become more social orientated with its actions (democratic). They construction of 1500 social houses and the agreement that quarter of the jobs produced would go to the local population was part of the change under the name of the Memorandum agreement. Re housing for locals was provided in the form of Tower Hamlets, along with 2000 jobs and �2.5 million spent on training the new staff. Large housing development schemes are also in the pipeline. A massive 30 000 new homes are planed with a further 2000 going along the affluent Royal Docks. This area now primarily used for recreational purposes, this is achieved as it is not the water that has value but the land surrounding it. ...read more.

Conclusion

This is shown in the above examples and in the construction of multi million pound ventures that benefit no one but the company e.g. �150 million invested in Limehouse studios. Locals argue this money could be invested in to projects that will benefit everyone. Serious allegations have been brought against the LDDC by the DDC recently over the cutting of local council subsidies even though the LDDC received a �440 million grant and then investing this money in large schemes, which are leaving locals, un employed and cut of. Local councils suggest this money should have been distributed fairly and that a better result would have been achieved. London Docklands re development has had a mixed effect. In terms of business and the positioning of an economic region in London, it has been a great success. It has shown that wasteland can be turned in to a very affluent area providing jobs and homes. However the controversy produced counts against it greatly. Heavy investment has been the solution to the areas problems and this is somewhat reflected in the outcome; a synthetic area based purely around business and money making ventures. The areas success is a mixed bag to be viewed with an open mind and regarding the factors, it is likely that a simple answer will be never achieved. Bruce Thomas GEOGRAPHY 29.9.03 ...read more.

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