BERI - Economics

Economics

Economics The BERI project results suggest that the improvement or enhancement of the image and perception of the sites leads to an increase in the value of the plots. The redevelopment of Brownfields can stimulate growth and improve a local community’s economic vitality when considered as part of a broader perspective. The lesson is that this potential benefit needs to be considered and factored into the equation from the beginning of the evaluation – we have to show the wider benefits or profits from regeneration investments. Incentives for the “first movers” in form of tax breaks or subsidised land prices can be provided – establishing a position where the higher risk could be rewarded.

The economics seminars and workshops were facilitated by the Lyon partner. Lyon has demonstrated a high level of application of economic practices to Brownfield regeneration throughout the BERI project. Lyon aim to share their understanding of economics practices in order to effectively regenerate Brownfield sites.

Seminars

Rostock and Flanders identified that they had a weakness when addressing economic issues in their Brownfield redevelopment projects. Two seminars have already taken place in Rostock and Flanders:

Rostock – 5 July 2007

presentations & report

Mechelen, Flanders – 3 October 2007

presentations & report

Workshops

The resultant workshops aimed to apply the lessons learned from the economic seminars to specific sites. The following dates were set for the workshops in Rostock & Flanders:

Rostock – 5 & 6 September 2007

presentations & report

Mechelen, Flanders – 23 & 24 October 2007

presentations & report