Three in four councils hit by the credit crunch

A survey of 200 councils in England indicates that regeneration is the sector likely to be hit hardest in the economic downturn. 86 per cent of councils report delays or cancellations to regeneration projects, while 61 per cent said they had experienced delays to housing developments. The worst hit region was the North, where 91 per cent of councils said they had experienced delays or cancellations to projects.