With less public sector resources available to support property
development in market failure locations, new mechanisms and tools
will be needed to sustain public-private partnership structures
which have underpinned the regeneration industry for the past 20
plus years.
Research undertaken by GENECON as part of the Northern Way's
'Regeneration Momentum' series has pointed to sustained
concern within the industry in the aftermath of the credit
crunch. Some developers and investors are not seeing the
economics of development working outside London and the South East
for sometime, and certainly not for complex mixed use or
speculative schemes.
This provides the opportunity for new investment tools to come
forward - more intelligent use of public sector assets joint
ventures with developers, new roles for public sector equity based
investment alongside Regional Growth Fund investment. The GENECON
team has the skills and experience to help keep major projects
moving forward and to support the formation of new property-based
delivery models.