Regeneration 'can survive the crunch'

Added/updated: Monday 02 February 2009, Category: News summary
By: Property Week, 30/01/2009

A government report published today has concluded that with the right leadership and resources, regeneration schemes in the UK should be able to ride out the impact of the credit crunch.  The Parkinson Report, commissioned by local government minister John Healy, found that pressure on the financial model that has underpinned regeneration is likely to get more intense.  However, it said that while new schemes will continue to suffer from the financial crisis, regeneration must continue by looking ahead and making long-term decisions now, in time for the upturn.