Hackney becomes a prime business location targeting a low carbon economy and innovative high value manufacturing (Hackney, 2010). It also believed that the developments in the housing stock, schools and public realm make Hackney an attractive location to live in, visit and work at. This paper will proceed to provide an evaluation scheme for the Heart of Hackney regeneration project.
The Heart of Hackney regeneration project is a major undertaking not only for the borough but as a national initiative to address urban degradation. The 2012 Summer Olympics became a good excuse to prioritize East London as problems about urban sprawl become international in significance due to global warming and growing integration of cultures.
In addressing the objectives and implicit theory of change by the Heart of hackney regeneration project, it is imperative to dig through its economic goals, the underlying factor for all growth aspirations. In the consultation draft (Hackney, 2010), the Hackney Council set the Economic Development Strategy. It acknowledged the opportunity that the borough has at the moment which it also needs to seize in order to fit as “an engine for London’s renewed economic growth,” (Hackney 2010, p 2). In general, the EDS objective is to help shape the local economic direction in order to provide long-term prosperity for the residents.
The Council acknowledged that despite the recent employment growth in Hackney placing it just one percent below the London average did not spell the ideal as the borough still is considered the second most deprived in England due to long-term unemployment.
Specifically, the program is currently focused on its Ways into Work program. A mentioned in the report, Hackney is providing interventions to out-of-school youths and unemployed individuals in the form of volunteerism, training, temporary employment, and other means to