Résumé en anglais
In the late 1990s the UK’s Heritage Lottery Fund (HLF) recognized that many historic towns in Britain were experiencing economic distress. A program was designed to support the refurbishing of buildings in these towns in what became known as “conservation-led regeneration.” The Townscape Heritage Initiative (THI) has since assisted almost 200 places and expended £175 million. At the outset the HLF decided to set up a comprehensive evaluation program to determine whether and how the THI accomplished its goals of not only economic but also social regeneration. A team of reasearchers is now in a position to be able to indicate what worked and what did not, and to offer an explanation for this with respect to the relationship between heritage investment and a range of ‘soft’ and ‘hard’ outcomes.