Measuring the placemaking impacts of housing-led regeneration
The first in a series of Homes England research reports on measuring social value.
Applies to England
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As part of Homes England’s mission to drive regeneration and housing delivery, we have undertaken a comprehensive programme of research aimed at strengthening our approach to economic appraisal and the measurement of social value.
This has been carried out in close collaboration with the Department for Levelling Up, Housing and Communities (DLUHC), with the research aligned to the department’s appraisal guide and the HM Treasury Green Book.
The first paper to be published as part of this research programme focuses on measuring the placemaking impacts of housing-led regeneration.
This identifies the potential scale of wider benefits of a project beyond the development site itself, specifically to those living within surrounding communities.
The paper sets out the research approach and key findings, along with guidance on how to apply the research in practice.
The findings of the research should only be used for projects within urban areas which are part of a programme of funding that has clear placemaking and regeneration objectives.
Care should also be taken to avoid the double counting of benefits, particularly where separate estimates have been made of amenity impacts. The research should be applied as part of the appraisal framework set out by DLUHC in its appraisal guide.