City Development Companies come on stream

We've had UDCs and URCs, so now get ready for CDCs. The new regeneration companies are set to be included in the overdue local government white paper that is due out this autumn. They will be city-wide organisations with a focus on economic rather than physical regeneration, and are supposedly based on Creative Sheffield, the body set up when the Sheffield URC and investment agencies merged. Apparently they will be asset-owning but apart from that, work in a similar way to URCs.

Meanwhile, Ruth Kelly endorsed Greater Manchester's plans for a city-regional governmental structure with a cabinet, which will also go into the white paper.