The local economic impacts of regeneration projects: evidence from UK’s single regeneration budget

Stephen Gibbons, Henry Overman and Matti Sarvimäki ()

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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; APC paid from UKRI fund (search for similar items in EconPapers)
JEL-codes: H50 J08 R11 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2021-03-01
New Economics Papers: this item is included in nep-geo, nep-ppm and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published in Journal of Urban Economics, 1, March, 2021, 122. ISSN: 0094-1190

Downloads: (external link)
http://eprints.lse.ac.uk/108233/ Open access version. (application/pdf)

Related works:
Journal Article: 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:ehl:lserod:108233

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