What is it called when run-down areas are improved through redevelopment and investment?

The term that describes the process of improving run-down areas through redevelopment and investment is urban regeneration. This concept encompasses a wide range of activities aimed at transforming areas that have experienced decline, often due to factors like industrial changes, socioeconomic shifts, or urban decay. Urban regeneration focuses not just on physical redevelopment, such as building new infrastructure or homes, but also on revitalizing the community's social and economic aspects, improving living conditions, and encouraging sustainable growth.

This process may involve various stakeholders, including local governments, businesses, and community organizations, working together to create environments that are more livable and economically viable. The outcomes of urban regeneration can significantly enhance the quality of life for residents by creating jobs, providing better services, and fostering community pride.