Urban Regeneration Company - The Diigo Meta page

• 14 Feb 07
  

  Will Thomas

  cdc

  • No, the aim of the URC is to encourage economic activity by creating more jobs and make the run down areas a more attractive place to live and work. That benefits everyone.
  • The role of the URC is to provide confidence, overcome barriers and unlock economic potential. This will be undertaken through a comprehensive regeneration plan providing clear guidance for future public and private investment.
    
    The URC aims to generate economic growth and create jobs by coordinating public and private sector initiatives in the brownfield and waterfront areas of Great Yarmouth and Lowestoft.
  • What is an Urban Regeneration Company?
    An Urban Regeneration Company is a special kind of company approved by the government to organise the physical regeneration and redevelopment of particular towns or cities.
    
    Who funds and who will run the URC?
    The URC is funded by the Regional Development Agency (EEDA) and the four local authorities involved – Norfolk, Suffolk, Great Yarmouth and Waveney. It is run by a private sector led board supported by a small staff and a chief executive with a track record of delivering big regeneration projects.
    
    The company has a board of fifteen directors including the chairman, the chief executive, four local authority representatives, an EEDA representative, two community nominees plus six further private sector members.
    
    In addition there is one official observer from the Government.

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