New research conducted by Development Economics on behalf of British Land, Landsec, and The Berkeley Group suggests that redeveloping urban brownfield land in the UK could lead to significant economic growth, job creation, and housing development. The research indicates that unlocking brownfield urban regeneration has the potential to deliver over a million new jobs and more than 1.3 million new homes by 2035.
The study quantifies the scale of the opportunity available from redeveloping brownfield land in urban areas. Brownfield land refers to previously developed land that is no longer in use or is underutilized. The research highlights the potential of these sites to contribute to economic growth, job creation, and the provision of much-needed housing.
The report emphasizes the importance of brownfield regeneration in addressing the housing crisis and stimulating economic growth. It suggests that redeveloping brownfield sites can help meet the demand for housing, particularly in urban areas where land availability is limited. Additionally, the research indicates that such regeneration projects can create a significant number of jobs, contributing to local and national economic growth.
The findings of the research are expected to inform policy discussions and decision-making regarding brownfield regeneration in the UK. The report provides valuable insights into the potential benefits of unlocking brownfield sites and highlights the need for collaboration between developers, local authorities, and other stakeholders to maximize the opportunities presented by these areas.
Overall, the research conducted by Development Economics on behalf of British Land, Landsec, and The Berkeley Group suggests that redeveloping urban brownfield land in the UK has the potential to deliver substantial economic growth, job creation, and housing development. By unlocking these sites, over a million new jobs and more than 1.3 million new homes could be realized by 2035. This research highlights the importance of brownfield regeneration in addressing the housing crisis and stimulating economic growth in the UK.