Member

238: Clause 96, page 130, line 15, at end insert— “(c) the funding and financing of development proposals, which may extend to the issuance of bonds, debt or similar financial instruments.”Member’s explanatory statement This amendment seeks to empower development corporations to seek finance from the widest number of sources whether from PWLB, private money, sovereign wealth, pension funds or value in-kind as part of a joint-venture together with the ability to issue bonds, individually or severally with other development corporations.