Development corporation


Development corporations or development firms are organisations established by governments in several countries for the purpose of urban development. They often are responsible for the development of new suburban areas or the redevelopment of existing ones.

Australia

In Australia development corporations are often responsible for the economic promotion and growth of areas considered to be under-performing economically. Such corporations include:
In the United Kingdom development corporations are organisations set up in England and Wales by the UK government charged with the urban development of an area, outside the usual system of Town and Country Planning in the United Kingdom. Members are appointed by central government and hence they are considered QUANGOs.
New Town development corporations were set up for all the designated New Towns in the United Kingdom. Urban development corporations also existed, which dealt with regeneration in already built-up areas.

Urban development corporations in England and Wales

New town development corporations

Mayoral development corporations

The Localism Act 2011 permitted the Mayor of London to create mayoral development corporations in Greater London. The Cities and Local Government Devolution Act 2016 later permitted the creation of mayoral development corporations in combined authority areas.
NameAuthorityAreaTimeframeNotes
London Legacy Development CorporationMayor of LondonLondon Olympic Park2012 -
Old Oak and Park Royal Development CorporationMayor of LondonOld Oak Common2015 -
South Tees Development CorporationTees Valley Combined AuthorityTees Valley2017 -
Stockport Town Centre West Development CorporationGreater Manchester Combined AuthorityStockport2019 -

Footnotes