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UK enterprise policy – a twist on real estate, austerity and planning
Lloyd, M.G1.
Times and circumstances change, and sometimes prevailing ideas and thinking do not manage to keep up with those changes. Sometimes an older idea is re-invented and brought back into play – even though context and conditions may have changed. This paper considers such a case - the political reprise of the enterprise zone idea in the UK
which was initially designed to address local and regional issues associated with an economic downturn and poorly performing real estate markets in the early 1980s. The enterprise zone model of regeneration was first introduced as a response to the then prevailing depressed economic circumstances and was presented as a way of triggering
economic growth and job creation in specific localities or zones. It was introduced as an experiment and the designations lasted until the mid 1990s.
Affiliation:
- University of Ulster, United Kingdom
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