Town centres: the infrastructure alternative

Infrastructure investment should mean more than just new roads and railways. What if funding could also be channelled into town centre regeneration to help improve a place and stimulate demand?

The Government’s principal response to the recession from the perspective of local economic development seems to be stubbornly stuck on traditional infrastructure.

While undoubtedly there is a need to invest in the nation’s infrastructure, isn’t it a little one-dimensional to exclusively fund the development of new or improved roads or rail if there is no demand for development at the end of them? What if we expand our definitions and start thinking about town centres as the infrastructure of places as much as we do road and rail?

– See more at: http://opinion.publicfinance.co.uk/2012/09/town-centres-the-infrastructure-alternative/#sthash.q4uf7haN.dpuf