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Regeneration 'is being overlooked'

Developers are failing to exploit the financial opportunities of the litany of regeneration schemes dotted around the country, a new government report claims.

The study, funded by ODPM, has revealed that a lack of information has led to underinvestment by the private sector in regenerating areas.

This will come as good news for developers hoping to win crucial cash for 'renaissance projects' from both private and public coffers.

These include the likes of the 1249 Regeneration Partnership, one of the groups behind Will Alsop's vision for Barnsley, which has experienced financial hiccups over the last 12 months.

Benchmarking of Urban Regeneration Performance, details of which were released today by the RICS, also highlights new evidence to suggest there is a direct correlation between property values and the amount of state intervention in regeneration areas.

by Rob Sharp

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