Merseyside Development Corporation
The Merseyside Development Corporation was a central government-appointed Development Corporation set up in 1981 by Margaret Thatcher's government to regenerate the Mersey docks of Liverpool, Bootle, Wallasey and Birkenhead. It was one of two Development Corporations to be set up in 1981, the other being the London Docklands Development Corporation, which also focused on disused docklands.
The first Chief Executive was Basil Bean, who had previously been general manager of the Northampton Development Corporation. Actitivies undertaken by the Corporation include the Liverpool International Garden Festival in 1984, and the redevelopment of the Albert Dock complex, which included the opening of Tate Liverpool.
During its lifetime 7.6m sq.ft. of non-housing development and 486 housing units were built. Around 22,155 new jobs were created and some £698m of private finance was leveraged in. Circa of derelict land was reclaimed and of new road and footpaths put in place.
The Corporation was wound up in 1998.
