Common use of Regeneration Clause in Contracts

Regeneration. Falkirk town is the main administrative and retailing centre for the area. It has a vibrant town centre which has been popular with shoppers for its mix of usual high street retailers and specialist shops. Throughout our area, some 10,400 people are employed in the wholesale and retail sectors. However, recent closures of retail premises due to the collapse of some national chains such as Woolworths have left gaps in our high streets which could prove difficult to fill in the current climate. The area is also suffering from increased competition from neighbouring centres such as ▇▇▇▇▇▇▇▇▇▇ and new out of town centres in Glasgow and Edinburgh. The Council has commissioned a new retail survey as part of its revision to the Local Development Plan which will provide up to date information on local shopping patterns to update the survey carried out some ten years ago. Work has started on the regeneration of the area’s district centres. Developer partners have been appointed for all four centres (Bo’▇▇▇▇, ▇▇▇▇▇, Grangemouth and Stenhousemuir). The regeneration of Stenhousemuir town centre is nearing completion. During 2008 a new library, park facilities and retail provision, including a new Asda store opened. The Bo’ness Townscape Heritage initiative continues to deliver economic regeneration and built heritage conservation to Bo’ness town centre. Regeneration masterplans prepared for Bo’ness foreshore, ▇▇▇▇▇ and Grangemouth are at an earlier stage in the development process, with community consultation completed. Planning applications for each are expected in the near future. However, with the economic downturn, investment in regeneration has slowed with an extension to the timescales for the delivery of the Falkirk Gateway (an ambitious project of commercial, retail and leisure uses on the east side of Falkirk). The economy of our area faces significant challenges as the “credit crunch” and resultant economic downturn takes effect. The economic recession during 2009 and beyond could inhibit the regeneration of our local economy and blight prospects for business, investment and jobs. Action has been initiated at national level to assist business and the economy however concerted action is also needed at local level to mitigate the effects of recession. As a partnership we are keen to act on behalf of local businesses, people and communities, leading the response to minimise the impact of the economic downturn and maintain the momentum of regeneration. We understand the potential impact of the economic downturn and we look to the area’s economic strengths, the actions underway currently to bolster the area’s economy and the key actions we will be required to deliver, to aid the response to the downturn and ensure our area’s continued development. In terms of housing regeneration, the priority areas identified in the 2004/09 LHS have now largely been addressed albeit there is a need for on going intensive housing management to underpin the improvements made. The next LHS will identify future housing regeneration priorities.

Regeneration. Falkirk town is the main administrative and retailing centre for the area. It has a vibrant town centre which has been popular with shoppers for its mix of usual high street retailers and specialist shops. Throughout our area, some 10,400 people are employed in the wholesale and retail sectors. However, recent closures of retail premises due to the collapse of some national chains such as Woolworths have left gaps in our high streets which could prove difficult to fill in the current climate. The area is also suffering from increased competition from neighbouring centres such as ▇▇▇▇▇▇▇▇▇▇ Livingston and new out of town centres in Glasgow and Edinburgh. The Council has commissioned a new retail survey as part of its revision to the Local Development Plan which will provide up to date information on local shopping patterns to update the survey carried out some ten years ago. Work has started on the regeneration of the area’s district centres. Developer partners have been appointed for all four centres (Bo’▇▇▇▇, ▇▇▇▇▇, Grangemouth and Stenhousemuir). The regeneration of Stenhousemuir town centre is nearing completion. During 2008 a new library, park facilities and retail provision, including a new Asda store opened. The Bo’ness Townscape Heritage initiative continues to deliver economic regeneration and built heritage conservation to Bo’ness town centre. Regeneration masterplans prepared for Bo’ness foreshore, ▇▇▇▇▇ and Grangemouth are at an earlier stage in the development process, with community consultation completed. Planning applications for each are expected in the near future. However, with the economic downturn, investment in regeneration has slowed with an extension to the timescales for the delivery of the Falkirk Gateway (an ambitious project of commercial, retail and leisure uses on the east side of Falkirk). The economy of our area faces significant challenges as the “credit crunch” and resultant economic downturn takes effect. The economic recession during 2009 and beyond could inhibit the regeneration of our local economy and blight prospects for business, investment and jobs. Action has been initiated at national level to assist business and the economy however concerted action is also needed at local level to mitigate the effects of recession. As a partnership we are keen to act on behalf of local businesses, people and communities, leading the response to minimise the impact of the economic downturn and maintain the momentum of regeneration. We understand the potential impact of the economic downturn and we look to the area’s economic strengths, the actions underway currently to bolster the area’s economy and the key actions we will be required to deliver, to aid the response to the downturn and ensure our area’s continued development. In terms of housing regeneration, the priority areas identified in the 2004/09 LHS have now largely been addressed albeit there is a need for on going intensive housing management to underpin the improvements made. The next LHS will identify future housing regeneration priorities.