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The local economic impacts of regeneration projects: evidence from UK’s Single Regeneration Budget

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  • Gibbons, Stephen
  • Overman, Henry G.
  • Sarvimäki, Matti

Abstract

We study the local economic impacts of a major regeneration programme aimed at enhancing the quality of life of local people in deprived neighbourhoods in the UK. The analysis is based on a panel of firm and area level data available at small spatial scales. Our identification strategies involve: a) exploiting the fine spatial scale of our data to study how effects vary with distance to the intervention area; and b) comparing places close to treatment in early rounds of the programme with places close to treatment in future rounds. We consider the long run impact of schemes funded between 1995 and 1997 on outcomes up to 2009. Our estimates suggest that the programme increased workplace employment in the intervention area but this had no impact on the employment rates of local residents.

Suggested Citation

  • Gibbons, Stephen & Overman, Henry G. & Sarvimäki, Matti, 2017. "The local economic impacts of regeneration projects: evidence from UK’s Single Regeneration Budget," LSE Research Online Documents on Economics 86566, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:86566
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    File URL: http://eprints.lse.ac.uk/86566/
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    More about this item

    Keywords

    single regeneration budget; regeneration; employment; neighbourhoods; urban policy;
    All these keywords.

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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