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EH justifies its conservation spending - claiming dividend

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English Heritage has declared that for every £10,000 of the £36 million it has invested in regeneration projects over the last five years, it has attracted £58,000 of match funding from the private and public sector. From that has come 177m2 of 'improved commercial space', one new job, one safeguarded job and one 'improved home.'

The figures come from a new eh report launched in Manchester yesterday - The Heritage Dividend - which it has written to quantify its work with the help of the London School of Economics. The document used 31 'broadly representative' case studies for the data, which it says are contributing to the 'urban renaissance' pursued by the Urban Task Force.

eh chairman Sir Jocelyn Stevens said: 'The case studies demonstrate clearly that the heritage pound has attracted substantial private and public sector investment, new jobs, improved homes and commercial floor space.'

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