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Beyond Agriculture: Alternative Geographies of Rural Land Investment and Place Effects across the United Kingdom

1
Bartlett School of Planning, University College London, London WC1E 6BT, UK
2
School of Law, Middlesex University London, London NW4 4BT, UK
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Author to whom correspondence should be addressed.
Academic Editor: Cynthia S. Simmons
Land 2021, 10(11), 1153; https://doi.org/10.3390/land10111153
Received: 20 September 2021 / Revised: 20 October 2021 / Accepted: 25 October 2021 / Published: 29 October 2021
(This article belongs to the Section Land Planning and Architecture)
Global land ownership patterns have been shifting in recent decades, as institutional and non-traditional investors redirect capital into rural areas. Such investment is a stimulating alternative for innovative profit-driven land uses that move beyond agriculture. This paper explores how ‘new money’ economies have created place effects in three rural case studies across the United Kingdom, through concepts of built, natural, social, and economic capital. The case studies are informed by secondary research, site visits, and interviews, providing snapshots of investment impact. They represent diverse transformations in rural land use via new forms of direct investment, active investment, and processes of financing rather than financialisation, with distinct spatial and temporal characteristics. The case studies include new wine production in Kent, England; transforming the Menie Estate into Trump International Golf Links Scotland (TIGLS); and farm diversification in Northern Ireland. The conclusions tell three investment stories, where place effects reflect the dichotomies, contestation, and symbiosis between investors and local contexts. New land uses create place effects where economic potential often conflicts with natural capital impacts, although they foster knowledge creation and exchange. The underlying values of the investors and their navigation of local politics also have key roles to play in shaping the built, natural, social, and economic place effects. View Full-Text
Keywords: direct active investment; rural land; transformative uses; United Kingdom; financing; diversification; place effects; capitals direct active investment; rural land; transformative uses; United Kingdom; financing; diversification; place effects; capitals
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MDPI and ACS Style

Livingstone, N.; Gallent, N.; Hamiduddin, I.; Juntti, M.; Stirling, P. Beyond Agriculture: Alternative Geographies of Rural Land Investment and Place Effects across the United Kingdom. Land 2021, 10, 1153. https://doi.org/10.3390/land10111153

AMA Style

Livingstone N, Gallent N, Hamiduddin I, Juntti M, Stirling P. Beyond Agriculture: Alternative Geographies of Rural Land Investment and Place Effects across the United Kingdom. Land. 2021; 10(11):1153. https://doi.org/10.3390/land10111153

Chicago/Turabian Style

Livingstone, Nicola, Nick Gallent, Iqbal Hamiduddin, Meri Juntti, and Phoebe Stirling. 2021. "Beyond Agriculture: Alternative Geographies of Rural Land Investment and Place Effects across the United Kingdom" Land 10, no. 11: 1153. https://doi.org/10.3390/land10111153

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