failure of retention schemes (Brownill, 1990). The shift in the political scenario shall also not be advantageous, the future cabinet is expected to comprising of representatives from suburbs and South East, and therefore these representatives shall not share "same commitment to high levels of regeneration funding, particularly if economic circumstances demand a squeeze on public spending" (Cross, 1993). It is important that realistic approach shall be adopted to ensure optimum utilization of the available opportunities. It is important to initially settle the objectives into list of practical and non-practical items. It is evident that the current government "cannot guarantee to regenerate every town and every city in Britain that has fallen behind". Every location has its strategic and economic significance, and two cities at different locations shall never share similar significance, this is natural phenomenon and has contributed towards mass migration of the dwellers in the past. Britain has to face the truth that the locations, which previously exhibited potential for investment in 19th century, are insignificant in the current economic and strategic setup. The general consensus among the legislatives exists that "port cities had an advantage in an era when exporting manufactured goods by sea was a vital source of prosperity; today the sea is a barrier to their potential for expansion and they are cut off from the main road transport routes" (Cross, 1993). The isolation of Britain from the rest of the Europe was previously considered to be strategic success of the country in terms of defence, but economists regarded this is an unfortunate limitation for the great Britain, therefore concrete measures have been undertaken for the establishment of civil structure which shall unite the rest of the Europe with Great Britain, such initiative will definitely give focus to the cities closer to the European continent against the cities British lying on the other side. As per economists, "the economic pull of Europe has boosted the South East at the expense of the North, Wales and Scotland" (Brownill, 1990). In the last century, London was the financial homeland of the country, and Manchester was textile-core. The current status of these cities are remarkably different, London has outshined due to prosperity associated with finance however Manchester has been out of loop as the textile market have downsized due to rising textile trade competition on international scale.
London Dockland Development Corporation: Regeneration Plan - Development and Implementation
The regeneration plans previously undertaken did not provide futile results, "many re-generation towns are shrinking". The policy of demolition which actually seconds regeneration plans shall be ceased, "it is expensive and is failing to transform local housing markets" (Cross, 1993). The appropriate solution in this regard shall be procurement of the cheap lands by the government on open market, this property then shall be exchanged with other groups or partners in exchange for "an equity stake in the expanded property" (Foster, 1999). As per rule, the houses constructed or restructured in the regeneration towns are relatively small; such scheme "would not have to bear the costs of demolition or pay for compulsory purchase, and increases the average size of a house has obvious appeal" (CRE, 1989). Such practice is recommended in the case of