| answer text |
<p>We agree that where there are complex delivery and co-ordination challenges, development
corporations can be the right vehicles to drive forward high-quality new communities
at scale.</p><p>That is why we passed regulations in July 2018 to enable the creation
of locally-led New Town Development Corporations, overseen not by the Secretary of
State as was previously the case, but by local authorities.In addition, at Autumn
Budget 2018, we announced that we would launch a consultation on the legislative framework
for development corporations – to ensure they have the powers they need to deliver.
We will also be launching a £10 million competitive fund, supported with advice from
Sir George Iacobescu, to enable local areas to generate locally-led proposals for
new business‑backed development corporations and similar delivery bodies.</p>
|
 |
