Regeneration projects in Bradford are being used to encourage businesses to invest in redevelopments across Yorkshire.

Property experts Knight Frank, published a report which said perceptions of regeneration schemes as being high-risk ventures were false, and quoted Bradford as a city in which regeneration is bringing in new jobs and money.

The report showed 63 per cent of developers looked for considerably higher returns from regeneration projects as they wrongly see them to be higher risk ventures.

Knight Frank's researchers say this perception is a myth and point towards regeneration schemes such as that at Victoria Mills in Shipley as examples of schemes which have benefited the wider area.

And the property firm is even setting up a service to help companies successful develop regeneration sites across the whole of Yorkshire.

The report's author Liam Bailey, conducted the research over fears that regeneration schemes are being hampered by unfounded fears over their risk.

"The lack of data for regeneration areas creates a misunderstanding in these markets, which have been characterised by uncertainty, weak and confused signals and misconceived notions regarding investment risk and poor return," he said.

Newmason Properties, the firm behind the dramatic overhaul of Shipley Mills, supported the report's findings that investment in regeneration projects can yield high returns.

Andrew Mason, director of Newmason, described Knight Frank's new support service as a "cracking idea". He said: "In our view we do not see Bradford and Shipley as being a risk. The real risks were taken 20 years ago when Manchester and Leeds when regeneration was just getting off the ground. We are now in a fantastic position wherein we have the opportunity to learn from their mistakes."

Albion Mills in Greengates is another mill which has been given a new lease of life thanks to some redevelopment work.

And Lister's Mill, once Europe's biggest silk mill, is being transformed into a series of luxury apartments and penthouses, thanks to development company Urban Splash.

Earlier this month the Telegraph & Argus reported how the value of city centre flats had rocketed in the last two years by 118 per cent.