Heritage driven Urban Regeneration is a model that addresses the multidisciplinary necessity of the process of Conservation and inclusion of Heritage in the development process, giving importance to what urban heritage can deliver to the city and to the communities in question.
“Historic buildings provide a foundation for the regeneration of many of our towns and cities. Regenerating these buildings can reinforce a sense of community, make an important contribution to the local economy and act as a catalyst for improvements to the wider area. They should not be retained as artefacts, relics of a bygone age. New uses should be allowed in the buildings and sensitive adaptations facilitated, when the original use of a historic building is no longer relevant or viable. Councils need to incorporate in their regeneration strategies a clear role for their historic buildings and to establish multidisciplinary teams to implement them.” – the conclusion of the Parliamentary Select Committee looking into the Role of Historic Buildings in Urban Regeneration in 2004.
Old cities in developing nations currently face intensified urban problems as a result of rapid economic development and population growth. The emergence of new townships at the edge of many historic cities has affected the significant identity of these places. Urban conservation is seen as an important element for urban regeneration scheme in most historic areas as the vibrancy of a heritage site is only significant when its original community remains. The snowballing effect on the investment towards heritage, the sustainable heritage led regeneration concept promotes six elements of investments towards conservation in terms of property, land, capital, human resources, heritage resources and political commitment. Better condition of historic areas resulting from the conservation work carried out is believed to support the regeneration of the area as a whole. The profit from regeneration would provide capital for more conservation activities.