Disappointing News About RDA Assets

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22 Jun 2011

It is disappointing to hear that the Government have refused to allow local authorities or Local Enterprise Partnerships to take on high value strategic sites owned by the Regional Development Agencies.

Giving local authorities or LEPs first say over these assets would have given them important levers of growth and development, with their value retained locally, rather than being lost through a Government ‘fire sale’. Now they will have to bid with private companies.