The European Commission has recently revised its regulations on which areas are eligible for regional aid to help fund regeneration projects. David O’Keeffe and Will Sparks report
Urban regeneration is aimed at breathing new life into towns and cities that have been left behind by economic change. Experience has shown that such regeneration tends not to happen naturally, or at least not quickly enough, if left entirely to market forces, and public policy often dictates that public sector intervention is required to kickstart the process.
