EastSide Property Belfast

Public benefits

The public benefits that flow from the purpose of urban regeneration are: (i) a reduction in unemployment, hardship and poverty, leading to a better quality of life for the beneficiaries and consequent improvements in their health and well-being; (ii) increased access to amenities that improve people’s quality of life and well-being; (iii) enhanced

activity, engagement and participation in social activities by residents of the area of benefit, leading to an improvement in their well-being and quality of life and greater social cohesion. The beneficiaries are residents of the area of benefit. These benefits can be evidenced in records kept by various agencies of the number of jobs and work experience opportunities created and the numbers of people who have successfully completed training courses. Evidence can also be found in evaluations carried out by funding bodies. Some private benefit is obtained by the owners of small businesses who rent units on favorable terms, but this is ancillary to the main purpose and greatly outweighed by the gains in public benefit. No harm arises from this purpose. The public benefits that flow from the purpose of supporting and developing the work of community and voluntary groups are the increased efficiency and effectiveness of these organisations, resulting in enhanced outcomes and service delivery and, consequently, an improved quality of life for those who benefit from their work. The beneficiaries are community and voluntary organisations. These benefits can be evidenced through evaluations of the work and impact of community and voluntary sector organisations and feedback from those they have assisted. No private benefit or harm arises from this purpose.

What your organisation does

The company develops unused and derelict property to provide high quality office accommodation and retail units for the community, voluntary and social economy organisations and small businesses.