Aiesha, R.; (2012) Planning for markets: understanding the role of planning policy and management approaches in sustaining markets in London. Masters thesis , UCL (University College London).

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Abstract

Over the last decade, there has been a growing interest amongst policy makers in the market’s potential role in contributing to solutions in key social and economic public policy agendas. In particular, Planning Policy Statement 6: Planning for Town Centres suggests that markets have a role to play in revitalising town centres and offering retail choice. To date, very little is known about the contemporary relevance of markets and specifically why markets have been prioritised in retail planning policy and received public policy interest. This paper investigates these issues further. Through a literature review, it develops a conceptual and contextual framework for understanding markets. It then draws on empirical research, i.e. survey and interview data from a study of London boroughs and a case study of one London Local Authority (Camden), to highlight the effects of current day-to-day management and planning approaches in sustaining markets. The research demonstrates that the contemporary role of the market is multidimensional, e.g. they appear to play significant roles as managed public space but also act as an important social and economic space, particularly for marginal social groups. Moreover, the empirical evidence shows that, whilst proactive planning policies do not guarantee a vibrant market, they can play a key part in protecting their permanent loss; however, equally important is the supportive management approaches taken in shaping their social survival. The research findings have relevance for the theorisation of markets in a contemporary context, as well as implications for the practical effects of planning policy intervention on markets.

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