| Original language | English |
|---|---|
| Pages (from-to) | 254-266 |
| Number of pages | 13 |
| Journal | J. Rural Stud. |
| Volume | 23 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published (VoR) - Apr 2007 |
Funding
Building on a previous regeneration strategy, ‘Open for Business’ reiterated a policy framework for a rolling programme of town regeneration initiatives, informed by a coherent philosophy of community development (see below). Initial priority was given to Cowes and East Cowes, via the successful SRB IV bid, due in part to the high level of social deprivation in East Cowes and in part to the economic importance of the area and the loss of manufacturing capacity that was currently being experienced. It was anticipated that attention would then focus on the coastal corridor between Ryde and Ventnor, with Ryde as an initial hub of regeneration activity. However, with the establishment of ‘single pot’ funding ‘Open for Business’ was superseded by the Isle of Wight Area Investment Framework (AIF), one of a number of AIF projects supported and funded by SEEDA as part of a strategy—rather than bidding-led approach to regeneration funding in the South East region. Ventnor has received capital funding for the regeneration of its harbour and botanical gardens from European Union and SRB funding streams. Similarly, Sandown secured funding from the Millennium Commission for the development of a sea-front leisure complex. By this time another community capacity building project was already under way in East Cowes, with financial support from SRB II. The purpose of this project was to support a local East Cowes-based organisation as a prototype delivery agency for the two fledgling community partnerships.
Keywords
- community development
- empowerment
- governance approach
- institutional development
- partnership approach
- rural area
- rural development
- rural policy
- rural politics
- England
- Eurasia
- Europe
- Isle of Wight
- United Kingdom
- Western Europe