1. On 12 December 2006, Communities and Local Government published its consultation paper on city development companies (CDCs). Rather than seek comments on a specifi c set of proposals, the consultation sought opinions on the rationale and the key principles for CDCs, as well as views on the form, function and location of such bodies.
2. We asked ten questions in the consultation paper: i. What are the advantages and risks in moving towards a more unifi ed approach to economic development at the city or city-regional level?
ii. Should Government seek to develop a city development company brand, with formal approval needed for city development company status to be granted?
iii. Is a variation on the Urban Regeneration Company model the best approach for city development companies to adopt?
iv. Are other existing models suitable for city development companies?
v. Do you agree with the suggested ‘basic principles’ for city development companies as set out in the paper?
vi. Will city development companies be more effective when operating at the cityregion scale?
vii. What are the functions that city development companies could most usefully perform?
viii. What role could city development companies play in supporting public-private regeneration vehicles?
ix. Do you agree with the suggested ‘governance’ criteria? Are other forms of ownership appropriate?
x. How could city development companies pursue innovative but reliable approaches to meeting running costs whilst avoiding confl icts of interest?
3. The consultation paper was published on the Department’s website. Letters publicising the paper were sent to each English local authority and over 100 other stakeholders and interested parties. These included Regional Development Agencies, Regional Assemblies, regeneration practitioners and others. During the consultation period, discussions were held with various consultees on a one-to-one basis and via correspondence.
Download report (2007) (16 pages; 227KB PDF)