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West Northamptonshire Development Corporation: Regulation

Volume 467: debated on Tuesday 13 November 2007

To ask the Secretary of State for Communities and Local Government what powers the Government have to regulate the activities of the West Northamptonshire Development Corporation; and what regulatory mechanisms are in place. (162264)

West Northamptonshire Development Corporation (WNDC) is an executive non-departmental public body sponsored by the Department for Communities and Local Government. As such the broad framework within which it operates is set out in its management statement and associated financial memorandum as required by Cabinet Office guidance.

The management statement includes information on the aims, objectives and targets of WNDC and provides for performance to be monitored through the Corporate Plan, Business Plan and Annual Plan Targets. WNDC’s detailed financial framework and funding arrangements including conditions attached to receipt of grant in aid, financial delegation and reporting requirements are set out in the financial memorandum.