A Critical Assessment of an Agency or Funding Regime that promotes Essay - 1

A Critical Assessment of an Agency or Funding Regime that promotes physical regeneration - Essay Example ese agencies and their functioning toward the uplift of the regional economy, it would be interesting to study and understand what urban regeneration is all about and how it evolved. Urban areas are essentially dynamic in nature. Socio-economic factors, environmental and physical factors all interplay and interact together to generate changes in their structures. Moreover, an urban area experiences thrusts from outside which necessitates adaptation to changes while internal dynamics and pressure try to withstand such changes or accept those resulting in either prosperity or decline. Though each problem may not be unique to a specific rural area, yet each challenge requires a distinctive approach towards the generation and implementation of its solution. Since the beginning, urban areas have always performed a variety of functions, offering shelter, providing infrastructure and opportunities for trade and commerce and opportunities for social interaction, being a few of those. As time passed, the importance of each need changed necessitating the requirement for new infrastructure, more space, more facilities for business etc. These changes in the physical structure and functioning of a town and its social life are inevitable since the town has to reorganise itself to meet the changing demands. These changes are also beneficial in a somewhat indirect way since these changes also make fresh demands for improvement of infrastructure and facilities so that the community within an urban area is forced to adjust itself to the new demands and work towards providing better opportunities for growth and progress. The relation between social deprivation and meagre physical infrastructure and facilities had long been an accepted fact and legislations and policies were implemented for improved infrastructure for health and better living conditions. It was gradually realised that merely improving health and living conditions will not contribute significantly towards the