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

Stephen Gibbons, Henry Overman and Matti Sarvimäki ()

Journal of Urban Economics, 2021, vol. 122, issue C

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.

Keywords: Single regeneration budget; Regeneration; Employment; Neighbourhoods; Urban policy (search for similar items in EconPapers)
JEL-codes: H50 J08 R11 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Working Paper: The local economic impacts of regeneration projects: evidence from UK’s single regeneration budget (2021)
Working Paper: The Local Economic Impacts of Regeneration Projects: Evidence from UK's Single Regeneration Budget (2017)
Working Paper: The local economic impacts of regeneration projects: evidence from UK’s Single Regeneration Budget (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juecon:v:122:y:2021:i:c:s0094119020300863

DOI: 10.1016/j.jue.2020.103315

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