ziggyemovon
2007-11-19 14:03:48 UTC
Q) Describe and Explain the social and economic benefits of Urban Development Corporations.
A)
*An urban development corporations were first set up in 1981 by the UK government in an attempt to regenerate which had large amounts of derilect and unused land and buildings.
* In the regeneration of the London Docklands, over 19000 new homes were built, many of them are redeveloped warehouses. New shopping centres have been developed with a post 16 technology college, a water sports facility and several new public parks.
* A new transport rail line, linking the site to cental london, as well as new businesses locating in the area.
* These are social benefits because it has increased the resident population and the proportion of out-right home owners as a percentage.
* Furthermore, the increased businesses and transport links have created jobs and subsequently reduced unemployment and has benefited the London economy consequently.