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Welfare Reform on the Web (April 2012): Community regeneration and development - UK

Socially responsible property investment in urban regeneration: priorities and behaviours of institutional investors in practice

G. Squires and J. Moate

Journal of Urban Regeneration and Renewal, vol.5, 2012, p. 152-163

Urban regeneration is a complex mix of instruments and stakeholders, characterised by high moral aims, great expectations, and intricate politics. Social Responsible Property Investment (SRPI) sets out to ensure that buildings reach their substantial potential for enhancing the quality of life now and in the future. In the regeneration context such social impacts can be summarised as access to opportunity and aspiration for both new occupiers and for existing neighbourhoods, through catalytic measures such as job creation, affordable access and improved amenity. This study reveals that the practice of SRPI is far from uniform, with a spectrum of investors and developers adopting differing priorities driven by their own investment targets. It identifies SRPI as playing an exemplary role in urban regeneration, while finding significant barriers to widening its more mainstream application.

Taking forward community budgets

Communities and Local Government Committee

London: TSO, 2012 (House of Commons papers, session 2010/12; HC 1750)

Community Budgets were introduced in October 2010 as part of the Spending Review. The aim of the initiative was to give local public service partners the freedom to work together to redesign services around the needs of citizens. Following the riots in summer 2011 the focus of these Community Budgets changed and the troubled families programme was introduced in December 2011, with the aim of changing the lives of 120,000 troubled families by the end of the current Parliament. Scrutiny of the current Community Budgets will be carried out in separate stages. For the first stage, the Communities and Local Government Committee invited written evidence and held a single oral evidence session that outlines the questions raised to assist in their subsequent work.

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