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Thematic Reports Private sector in urban regeneration  
   

2.6. Measuring private involvement

 
   

When it comes to measuring private involvement, most cities admit to not doing it very well. “Actually, the impact of the private sector involvement is not measured so far (at least in systematic way).” (Vilnius) “No indicators exist at local levels.  On a national level, the Employment and Training Corporation monitors the number of jobs created in the private sector.” (Malta) “Private commitment cannot be recorded unless public sponsorship is involved” (Hamburg)

Most have no targets against which they measure success, although some measure the amount of private finance which they bring in (Berlin, Glasgow); some measure “the number of jobs that have been created with public sector support” (Glasgow); “statistical returns on sq. metre of  residential and commercial development achieved” (Dublin).

Others will measure their success by “the involvement of private sector stakeholders in the affairs of neighbourhood development or the number of private sector organisations, which are engaged in neighbourhood management projects.” (Berlin) “The only type of evaluation and assessment done in the Lisbon case is a periodic one of the work and schedule fulfilment. No other type (social, economical, etc.) is done yet.” (Lisbon)

There were some thoughts about how a holistic impact assessment could be made. “Within a regeneration area the impact can be measured through the quantum of residential and commercial development achieved, the value of that investment, economic impact, the number of jobs created, the level of cultural, recreation and community investment and environmental impact.” (Dublin) “Maybe the change of lifestyle / residents notices the new quality?” (Hamburg)

 
   
2.5.4. Service delivering, neighbourhood culture etc.    3. Conclusions  

ENTRUST is a research project supported by the European Commission under the Fifth Framework RTD Programme and contributing to the implementation of the
Key Action 4; “City of Tomorrow and Cultural Heritage" within the Energy, Environment and Sustainable Development thematic programme
Contract n°: EVK4-CT-2001-20007