Urban Regeneration

Gentrification
Gentrification is when wealthier people move into a run down area and regenerate by improving their housing, by adding double glazing, loft conversions and inside bathrooms.
The positive effects of this are that the house prices increase and the area becomes a more affluent area, with more business coming into the area.
The negative effects of this are that the less wealthy residents can not afford to live in this area anymore and the old business and services are forced to shut down to make way for the new services that are required.
E.g. Southville, Bristol 

Partnership schemes
Partnership schemes involve local councils working with businesses and local communities to come up with a regeneration plan for an area.
E.G. Millennium Project, Bristol Harbourside.

Property-Led Regeneration 
Involve building or improving property in an area to change its image and improve the local environment.
These changes encourage further investment and the return of people and business.
E.G. London Thames Gateway.