“Sometimes the recovery is completely organic. Some times of activity thrive in cheap locations, often artists need cheap space, sometimes it is other types of creative activity. It can also be public sector workers such as university lecturers or media types. So, ‘pioneer’ groups move into the location, and start to renovate the housing stock. This can be called ‘gentrification’. Once the housing market picks up, others start to move in and cool new shops and restaurants emerge. The process starts to feed on itself and regeneration begins. Quite often the government then moves to reinforce the process.".
- Dr. Richard J. Barkham -