The Ministry of Housing, Communities and Local Government recently consulted on reforms to development corporations.
The consultation asked for suggestions on how to incentivise greater private sector involvement, and the powers available to different kinds of corporation.
We agree with the Government and others that development corporations can be a powerful and purposeful means to drive major development and regeneration in a variety of settings.
A number of reforms could enable more, and more effective, corporations to be established, including:
We will work with others to promote these reforms through the forthcoming planning white paper, and other means.