LiverpoolONE 

The first significant project was LiverpoolONE, which transformed the city centre into a thriving commercial hub.

Costing a staggering £960 million, LiverpoolONE is an outdoor shopping centre that rivals any in the UK.

Home to huge clothing lines, tech stores, and other top retail outlets, the project launched in 2008 and has been credited as the catalyst for Liverpool’s miraculous growth.

Liverpool City Centre used to be drab and dull, but a wave of investment has attracted some of the biggest retailers and designer brands to Liverpool’s streets.

An improvement in transport links also followed in the wake of LiverpoolONE, with the integration of a large bus station.

Research by broadband specialist Glide in late 2020 found that Liverpool is one of the top UK regeneration areas for opportunities.

With currently 15,339 empty dwellings in the area, both residential and commercial, there are massive prospects for investors to transform the region.

Developers have certainly noticed this, as there are currently tonnes of ongoing UK regeneration projects and UK urban regeneration projects in the area.

Urban regeneration in UK areas is vital, and Liverpool City Council and the local government have certainly aimed to achieve this.

Knowledge Quarter 

One of the top regeneration projects UK is the development of Liverpool’s Knowledge Quarter.

Home to some of the top science institutions and universities in the UK, the Knowledge Quarter is a bustling innovation and progress area.

With an eye-watering predicted injection of £2.2 billion, the site is set to be further transformed.

Home already to the School of Tropical Medicine, Liverpool Science Park, the National Oceanographic Centre, and more, the brilliance in the area has the potential to change the world as we know it.

The site has already seen a £600 million cash injection, and more money is set to follow.

The Health Campus, centred on the £450 million rebuild of the Royal Liverpool University Hospital, is set to see another wave of cash investment, with a £25 million Life Sciences Centre and a £118 million cancer treatment centre.

Another massive project in the Knowledge Quarter is Paddington Village, a mammoth £1 billion investment.

Liverpool Waters 

This is just the tip of the iceberg, as there are so many UK regeneration projects focused on the area.

Another exciting project is the Liverpool Waters development.

The project is set to transform large stretches of Liverpool’s historic and famed docklands into five dynamic new neighbourhoods.

Here, a whopping two million sq.m. of residential, leisure, and business space will be introduced.

The neighbourhoods in question will be called; Princes Dock, Central Docks, Clarence Docks, Northern Docks and the King Edward Triangle.

This development is unlike any seen in Liverpool and is perhaps one of the most ambitious regeneration projects in the UK.

It’s not just Liverpool Waters making headlines, though.

There are already several ongoing projects being built in Liverpool right now, with the development of the iconic Lime Street and The Strand.

Spinningfields

One of Manchester’s most significant UK regeneration areas is undoubtedly Spinningfields.

One of the most famous regeneration projects in the UK, the project has spanned three decades and has totalled around £1.5 billion.

The regeneration has been so expansive that it essentially added an entirely new area to Manchester’s sprawling metropolis.

Spinningfields is now the heart of Manchester and is home to well over 150 world-class financial and commercial organisations.

In fact, due to its concentration of world-class businesses, it has been dubbed the North’s Canary Wharf.

Named after a narrow back street in Deansgate, the area used to be a decrepit college campus and is now one of the UK’s top regional business quarters.

Work continues still in the area, too. In 2018, a new restaurant opened on the rooftop of 1 Spinningfields tower.

Called 20 stories due to the fact it sits 20 storeys high, the tower is 302 ft high and is the tallest office building built in Manchester since 1962.

NOMA 

Along with Spinningfields is another colossal project, NOMA.

One of the most significant development projects in the North West, the NOMA scheme is a 20-acre mixed-use development near Manchester city Centre.

The project has already cost a staggering £800 million and has seen the creation of four million square feet of retail, residential, office, hotel, and leisure space.

A report in 2019 found that the scheme annually generates £210 million in wages and has created 5,500 jobs.

The area is set to see even more development, too. The Manchester Evening News has reported that an extra 620,000 sq ft of new offices could be built.

The site has also attracted titans Amazon to open their first UK headquarters outside of London.

MediaCityUK 

Another UK regeneration success story is Salford’s MediaCityUK.

Previously Salford Quays, the area was a derelict industrial dockland before regeneration projects started back in 1985.

This regeneration eventually culminated in MediaCityUK, a thriving hub of business and investment.

The area is home to some of the biggest media companies in the UK, including the Northern headquarters of the BBC and offices for ITV.

The site’s construction first began in 2007, with a £1 billion expansion plan outlined back in 2016.

The local plan stated the site was to double in size over the next ten years and would include the development of more TV studio and production spaces as well as offices and 1,400 new homes.

With the increasing prices in southern cities like London, more and more investors and companies are moving to the North West, creating a hub for industry and investment.

East and South East London 

The capital is a varied landscape, and one of the top London regeneration areas lies to the East and South East of the city.

Several London regeneration projects are set to transform several key areas in the region.

Firstly, Thamesmead is set to get a considerable makeover thanks to a 30-year master plan.

The master plan is aimed at transforming the estate into a sustainable neighbourhood that lies only 20 minutes away from the historic West End.

These changes are set to begin once the £14.8bn Crossrail project arrives to the area.

Along with this, 8,000 new homes and 4,000 jobs are set to be created in the area, as well as access improvement to 5km of the riverbank, 7km of canals, 350 acres of open space, six lakes, and nature reserves.

Secondly, Barking Riverside in East London is set to be transformed with the introduction of a whopping 10,000 new homes and seven schools.

Likewise, areas like Canada Water, Greenwich Peninsula, Royal Arsenal, and more are set to be completely rejuvenated through a variety of London regeneration projects.

Canada Water, for instance, is set to become a transport hub serving more people than Liverpool Street thanks to extensions to the Jubilee Line by 2029.

Meanwhile, Greenwich Peninsula is set to introduce seven new neighbourhoods, while Royal Arsenal will see further growth thanks to new Crossrail links to the region.

West London 

There’s also several London regeneration projects and London regeneration areas in the West of London.

Old Oak Common and Park Royal are one of the primary areas set to see some significant work.

Valued at an eye-watering £26 billion, the area is set to be heavily transformed through several key initiatives.

Firstly, a £1 billion transport superhub is set to be created on the 160 acres of wasteland in Acton. This superhub will act as the only HS2 and Crossrail interchange and will be connected to the £3 billion Imperial College via a brand new high street.

There are already 4,000 residents living in the surrounding area, along with 2,000 businesses and 43,000 workers.

These plans will undoubtedly further improve the area, and will attract plenty more residents and businesses to an already thriving region.

North London 

Like the other London regeneration areas, there are plenty of London regeneration projects found in the North of London.

Firstly, a new Thameslink Station is set to be opened in Brent Cross from 2022. Notably, the station will offer trains to King’s Cross that will take just 15 minutes.

There are also plans to bolster the surrounding area, with 6,700 new homes planned, as well as revitalising an old shopping centre with the introduction of new restaurants, a hotel and a cinema.

Similarly, part of Upper Lee Valley is set for a facelift with the introduction of a 20-year regeneration plan called Meridian Water.

Here, there are plans for 10,000 new homes, 40% of which are set to be affordable, along with new public spaces and community facilities across the 210-acre site.

Developments have already started in the area, with a new station opening in 2019, making the area one of the better regeneration areas in UK 2019.

Like other regeneration areas London, the region has huge potential for growth and will continue to attract more and more businesses and residents in 2021 and beyond.

Heart of Slough 

Perhaps the top regeneration project in the region is the Heart of Slough initiative.

The scheme is part of the Slough Urban Renewal project and has been valued at over £3 billion.

As part of the scheme, several key landmarks have been rejuvenated and developed.

One such landmark is the cultural hotspot of The Curve.

Costing £22 million and completed back in 2016, The Curve is one of the most iconic sets of architecture you’re likely to find in the UK, with a three-dimensional curved design that was crowned the Development of the Year 2017.

This top example of UK regeneration areas 2017 cemented Slough’s place as an incredible prospect for investors.

While a library in name, The Curve has a lot more to offer locals with performance venues, learning spaces, exhibition areas, and even houses the Slough Museum.

Following The Curve’s implementation, the Queensmere Shopping Centre is also set for a makeover.

The extremely ambitious development will see the development of a staggering two million sq.ft. of office space, along with 500,000 sq.ft. of retail space and 1,200 new apartments.

Iron House and Steel House 

Speaking of property, Slough is set to see a wealth of housing developments across the region.

The Slough Northern Extension, for instance, will provide 10,000 new homes to the area.

Alongside this development, exciting Slough property like Iron House and Steel House is also being built.

Known as Metalworks, the two housing developments are set to take the area by storm with a luxury design previously not seen in the area.

The South East region along with Slough are expected to see house prices grow by 18.7% over the next four years, so now is an excellent time to invest in the area.

While Slough may be the butt of the joke in Ricky Gervais’ The Office, it has quickly found its feet as one of the top UK regeneration areas.

After performing well and becoming one of the most exciting regeneration areas in UK 2021, the following year is set to be a great time for Slough.

If you’re looking to invest in a regeneration area in south UK, look no further than Slough.

For landlords, the average property price in Slough is valued at around £308,428 in 2021.

While this is above the UK average, it’s significantly below the region’s average, which costs around £345,075.

This makes Slough property investment an incredibly affordable southern property venture.

HS2 

One of the top regeneration projects UK and an example of the most famous regeneration projects in the UK is Birmingham’s Big City Plan, which will help see the City Centre grow.

This local plan encompasses the headline project, the HS2 development.

HS2 or High Speed 2 is a planned high-speed railway that will span the United Kingdom and will link many UK regions.

It will link London, the Midlands, the North, and Scotland with over 25 stations and connect around 30 million people.

HS2 has meant that regeneration in UK cities can come at a much faster rate.

HS2 will come to Birmingham in the form of Curzon Street Station, the first new intercity terminus station built in Britain since the 19th century.

Alongside the travel benefits it will bring (it will take 41 minutes to reach Manchester rather than the current time of 87 minutes), HS2 will also act as a catalyst for further investment.

Birmingham City Council predicts the development potential in areas such as Eastside and Digbeth will lead to the creation of 36,000 jobs, 4,000 new residential property, 600,000 sqm of employment space, and £1.4bn economic uplifts.

Birmingham Smithfield 

Another headline project is Birmingham Smithfield.

Costing around £1.5 billion, the project, described as “once in a generation,” aims to completely transform the City Centre by reimagining 14 hectares of land in Digbeth.

Plans will see new retail markets, public squares, and transport facilities, along with 3,000 new jobs, 300,000 sq. m of floor space, and 2,000 new residential property.

Transport links have also seen a significant facelift in the area.

After the redevelopment of the busy New Street Station and Grand Central, the local government committed to an even bigger overhaul with the Midlands Metro Expansion.

Here, the project will create tonnes of new connections throughout the busy city with estimations in place that property prices could rise by 6% as a result.

Snow Hill Wharf and 105 Broad Street 

In terms of property developments, there’s a lot going on in the second city.

The city is set to see a miraculous development over the next few decades with many plans in the pipeline, including Soho Wharf, Paradise and Arena Central developments.

Paradise is making major progress as a new office development. It follows in the successful footsteps of the largest office scheme outside of London, Snowhill.

There’s also major housing and residential developments in the city.

Notably, there is Snow Hill Wharf, a set of canal-side apartments, and 105 Broad Street. These two luxury projects are getting investors incredibly excited across the UK.

Birmingham has already been marked as one of the most exciting regeneration areas in UK 2018, 2019, and 2020. But with several developments in the pipeline, the foreseeable future is incredibly exciting for landlords in the region looking to invest in property.

Birmingham will also be hosting the 2022 Commonwealth games, so there is even more to keep an eye on.

Urban regeneration in UK cities is incredibly important, and Birmingham has been transformed with a strong cash investment.

Currently, the average house price in the area sits at an incredibly reasonable £199,053 – a 5.49% growth over Q1 2020.

For landlords and investors, the Birmingham area has a tonne of potential. And with house prices set to rise by 24.0% over the coming years, you can expect strong capital growth for the future.

South Bank Leeds 

The main project on the horizon is the South Bank Leeds regeneration project.

Claiming to be the most significant change the city has seen in over 100 years, over 250 hectares of land are set to be regenerated south of the River Aire.

To put this into perspective, that is the equivalent of 350 football pitches being regenerated, which will nearly double the size of Leeds city centre.

It is estimated the project will create over 35,000 jobs and over 8,000 homes, and will encompass exciting projects like Lisbon Square.

Future Leeds Regeneration Projects 

There are plenty of projects currently ongoing in the Yorkshire city.

The 38-storey Altus House is set to open in 2021.

Formerly the office building Hume House site, the new skyscraper will be the tallest building in Yorkshire at 114 metres high.

Altus House will become student accommodation and will offer 752 bedrooms and flats, along with common areas.

Likewise, The Majestic is also opening. The 66,000 sq ft Grade A office space is found in City Square and will be the new home of Channel 4’s national headquarters.

Transport is also set to see a significant overhaul with a much-needed revamp of Leeds City Station.

Estimated to cost over £3 million, the transport hub will see the creation of new pedestrian areas as well as a complete transformation of the main concourse.

The Lexicon

The town started with a modest investment, with a £6 million Waitrose store on Bond Way in 2011.

Fast forward to 2017, and Bracknell was transformed with the completion of The Lexicon, a state-of-the-art £240 million shopping centre.

With the opening of 70 new retail and food stores, a 12-screen cinema, and two 80,000 sq. ft stores housing Fenwick and Marks and Spencer, Bracknell was catapulted into one of the UK’s top regeneration hotspots.

The Lexicon also offered 3,800 car spaces with new and upgraded car parks.

This regeneration in the town has been noticed nationally, winning many accolades such as the Development of the Year at the Thames Valley Property Awards 2018.

The opening of The Lexicon, Bracknell, confirmed Bracknell as one of the greatest regeneration areas in UK 2017.

A shopping centre such as this often brings new development opportunities, and since then, there has been even more regeneration.

Recently, in a development worth £124 million, Market Square, Coopers Hill, and Jubilee Gardens are currently being worked on, including the introduction of 400 new homes.

Sheaf Valley 

In one of the biggest council-led redevelopment schemes, the flagship redevelopment plan for Sheaf Valley involves a massive £1.5 billion investment.

The project will see the Sheaf Valley area wholly transformed.

Plans include moving a dual carriageway and demolishing the Park Square roundabout.

The site will then be revitalised with new offices, leisure facilities, and public spaces.

There will be a pedestrian bridge added to the area and up to 12 office blocks, which has been predicted to employ 3,000 people.

There will also be up to 1,000 flats and new homes.

The plan is set to span two decades, but progress has already been made with plans to build 300 high-end flats, which is expected to create 200 construction jobs and 30 more permanent roles.

Heart of the City 2 

There is also the Heart of the City 2 plan to consider.

The first Heart of the City master plan was incredibly successful, and regenerated key areas like Peace Gardens and the Winter Garden, as well as providing restaurants and needed Grade A office space.

Notably, the project helped regenerate St Paul’s Tower, which is the tallest residential building in the city.

Following this success, a sequel to this great master plan has been announced, which is set to span 1.5 million sq ft. and could help generate between 5,000 and 7,000 jobs.

This project provides £470m for new hotels, shops, and public spaces for the area around Pinstone Street.

Overall, this will undoubtedly further bolster the already thriving Sheffield region with work touted to be finished by 2024.