Prescott confirms that urban development corporations – which have special planning powers and access to government funding – will be used to develop the Thames Gateway, as revealed in Building last month.
A committee headed by prime minister Tony Blair will examine the development of Thames Gateway.
We are working for the establishment of new mechanisms that will use UDC powers
John Prescott’s Sustainable Communities: Building for the Future
The plan says: "We are working with partners towards the establishment of new mechanisms, which will use UDC powers."
The government promises to invest £446m in the Gateway over three years, with £164m earmarked for the other designated growth areas of Ashford, Stansted and Milton Keynes.
Stephen Joseph, deputy chief executive of the Thames Gateway London Partnership, welcomed the moves. He said: "This indicates the importance of the South-east, and particularly the Thames Gateway, to central government thinking."
English Partnerships and the regional development agencies have also been promised the financial muscle to reclaim 1400 ha of derelict land each year to fuel redevelopment.