Is there a stalled development you walk by daily? Whether it’s a ‘hole in the ground’ or a half-finished structure, part-finished homes and offices are a symbol of the sluggish economy.
Developments are stalled around the country. As the economic downturn has made housing and commercial projects less viable, many developments have been held up. Sometimes, third parties can step in to provide temporary funding, equity, or rental guarantees to make completing the project profitable again.
The Centre for Cities is working with the European Investment Bank and DCLG to evaluate the feasibility of Urban Development Funds (UDF) across the UK. As a part of our research, we want to find out where development is stalled in order to gauge the potential for UDFs to invest in projects in UK cities. That’s where you come in.
There’s only one way to know how many developments are at a standstill and where they are: ask. We are calling on the power of our blog, mailing list and social media to collect data on stalled developments. The next time you pass by that stalled site, please take a picture and/or send us the location. You can do this via
Short Survey: http://www.surveymonkey.com/s/G6S939N
Email: email@example.com, subject line: 'Stalled Sites'
We are collecting information through 10 October, so please submit at your earliest convenience.
By telling us where stalled sites are, we can let Government and banks know where there is potential to invest and get Britain building again.
Thank you for your support.