In recent years community involvement and increasingly social capital have become central themes in debates and policies surrounding urban regeneration. This paper attempts to contribute to these debates by reviewing the role of social capital in the context of a major regeneration initiative, namely the European Union-sponsored Objective One Programme, currently underway on Merseyside. The paper argues that it is important to show how social capital is formed through the 'scaling-up' of local associational relationships, networks and institutions, to wider power structures and relations. Trust amongst participants is central to this process. Two areas on Merseyside are used as case studies to illustrate the argument. The paper concludes that the active development of trust and the social relationships surrounding it needs to be central to the process of urban regeneration.

In recent years community involvement and increasingly social capital have become central themes in debates and policies surrounding urban regeneration. This paper attempts to contribute to these debates by reviewing the role of social capital in the context of a major regeneration initiative, namely the European Union-sponsored Objective One Programme, currently underway on Merseyside. The paper argues that it is important to show how social capital is formed through the 'scaling-up' of local associational relationships, networks and institutions, to wider power structures and relations. Trust amongst participants is central to this process. Two areas on Merseyside are used as case studies to illustrate the argument. The paper concludes that the active development of trust and the social relationships surrounding it needs to be central to the process of urban regeneration.