Regeneration and Investment
Hull has been on a regeneration mission since the 1980s when they built Prince’s Quay and opened the Hull Marina. Since then, Kingston upon Hull was awarded UK City of Culture in 2017, kickstarting a drive to transform the area completely. There has been a wealth of investment in recent years to improve Hull’s condition, and many schemes and projects are ongoing or proposed for the future.
For example, the UK government has Hull’s city centre in their sights for the ‘Levelling Up’ initiative. Hull City Council were awarded £19.5 million, and the projects will focus on Whitefriargate and Albion Square. Other parts of Hull are also set to benefit from regeneration as Hull City Council are targeting several areas such as Ings and the Beverley Road Townscape.
Promisingly, Hull’s recently completed projects are already having the desired effect on the local community and economy. The area around Humber Street and the Fruit Market had fallen into nearly complete dereliction, but thanks to a transformative regeneration project, it’s now known as a creative and commercial community with independent businesses and new homes built.
Read our guide to Liverpool regeneration projects for the latest sustainability insights.
Sustainability and Environment
According to the University of Hull, Humber is the UK’s worst carbon polluter due to the area’s industry being primarily based in energy-intensive sectors. However, Hull is ambitious about its environmental future, aiming to go completely carbon neutral by 2030, 20 years earlier than the UK government’s net zero target of 2050.
Hull is already a leading location for the offshore wind energy industry, and the city’s carbon-neutral strategy contains plans to start generating much of Hull’s energy locally from renewable sources. Transport infrastructure will be overhauled to make walking and cycling the easiest options, and tree-planting projects will help neutralise unavoidable emissions.
The city also boasts one hundred parks for eco-conscious renters to enjoy, such as the historic Pearson Park and East Park, the largest one in Hull.
This forward-thinking attitude to sustainability and Hull’s extensive and ambitious regeneration shows Hull is serious about improving its liveability, and this could point to capital growth and continued high rental demand in the future.