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The Central Manchester Development Corporation was established in 1988 to develop parts of eastern Manchester.
| |
| Founded | 1988 |
|---|---|
| Defunct | 1 July 1996 |
| Headquarters | Manchester, England |
Key people | Dr James Grigor OBE, Chairman John Glestor, CEO |
The corporation was established as part of an initiative by the future Deputy Prime Minister, Michael Heseltine, in 1988 during the Third Thatcher ministry.[1] Board members were directly appointed by the minister and overrode local authority planning controls to spend government money on infrastructure. This was a controversial measure in Labour strongholds such as East London, Merseyside and North East England.[2][3]
Its flagship developments included the Bridgewater Hall concert auditorium.[4] During its lifetime, 1.5 m sq.ft. of non-housing development and 2,583 housing units were built. Around 4,944 new jobs were created and some £303m of private finance was leveraged. Nearly 86 acres (350,000 m2) of derelict land was reclaimed with 1.3 miles (2.1 km) of new roads and footpaths established.[5]
The Chairman was Dr James Grigor and the Chief Executive was John Glester.[6] It was dissolved in 1996.[7]
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