Jane Urquart: I agree that transport can be a very positive catalyst of regeneration. We have seen that in Nottingham with building line 1 of our tram network. It has had a significant impact on property values and on business investment along line 1. We have already seen business investment along lines 2 and 3, which we are now building. There is already a business park that has a number of tenants who have locate there specifically because there will be a tram line.
It can be a very positive catalyst of economic growth and regeneration, but it has to be planned properly and thought through in the right way, so that those things happen. It is not automatic that transport provides that regeneration; it has to be part of the planning, and it has certainly been part of the planning of our station regeneration scheme in Nottingham. Part of the reason for redeveloping our Nottingham station is the regeneration of an area, but that has been possible only because we have done it as a multi-operator, multi-agency operation, which has looked very carefully at planning and transport together, to ensure that things work together to get the right kind of business and residential investment in the area.