APTSec's electronically delivered 'Economic Development Weekly' has an interesting item on renewal strategies:
In a report published today, the Audit Commission warned that the Government’s regeneration and growth area strategies both assume that public spending can bring in private investment at an individual and company level, with some of the private sector investment expected to subsidise the infrastructure needed to make new developments work for communities.
The Audit Commission report finds that some councils, particularly district councils, have been hit hard by falls in income due to a decline in the number of planning applications – down 22 per cent on pre-credit crunch levels – and investment income, which fell by 43 per cent in 2008/09.
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