Member

133: Schedule 18, page 216, line 30, at end insert— “Support for Mayoral Development Corporations 4A (1) Section 198 is amended in accordance with this paragraph.(2) After subsection (2), insert—“(2A) The Secretary of State may—(a) provide financial assistance for the creation of Mayoral Development Corporations;(b) provide financial assistance for the acquisition of land or property by Mayoral Development Corporations;(c) provide guidance to Mayoral Development Corporations on any aspect of governance, land acquisition, development and regeneration, and ongoing management.””Member’s explanatory statement This amendment would enable the Secretary of State to support the creation of Mayoral Development Corporations.