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Last Updated: Monday, 1 November, 2004, 06:35 GMT
5m cash is key to regeneration
A report into the impact of millions of pounds of regeneration cash in part of Plymouth, has highlighted its effectiveness in cutting unemployment.

Keyham has been given 5m from the Single Regeneration Budget, as well as millions more from the city council, the EU and other sources.

Consultants say it has led to nearly 700 extra childcare places and improved school grades.

It has also led to the creation of more than 70 new businesses.

The consultants' report says 126 people became self-employed, significant numbers of people got into voluntary work and more than 760 homes were made more energy efficient.

The consultants described the scheme as particularly good at reducing long-term unemployment and unemployment among young people.

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