Approaching regeneration in partnership: Models for private and public sector collaboration

Abstract

Successful regeneration schemes have always required several organisations to work together to create an overall vision, provide remediation and infrastructure, develop land, fund the development and to ensure the long-term stewardship and management of the developed scheme. The traditional way of approaching regeneration schemes has historically been on a project-specific basis, with the public sector taking the responsibility for assembling the land and undertaking the infrastructure and remediation works and then passing the risk of delivery to the private sector. A new market is emerging, however, to deal with market and other predominant factors, including lack of resources and funding in the public sector, government reports and reviews, and changes in the private sector approach. As a consequence, a number of public–private partnership models are emerging to deliver schemes in a more embracing manner. This paper considers some emerging models and looks to an exciting new era in the delivery of regeneration.