Milton Keynes Development Corporation: Target Winding Up Date
asked Her Majesty's Government:Whether, following the review of the progress of development at Milton Keynes, they are now able to set a more precise target date for the winding-up of the Development Corporation.
On 4th February 1981, my right honourable friend the then Secretary of State for the Environment indicated that the target date for winding up Milton Keynes Development Corporation, along with a number of other new town development corporations, should be the late 1980s. We have been reviewing that conclusion.We are impressed by the very high rates of growth the development corporation have achieved in both housing and employment investment in recent years. We should like these rates to be maintained. We also recognise the corporation's success in attracting private investment and wish to see their continuing efforts to widen the involvement of the private sector.Nevertheless, key tasks remain for the corporation, such as promoting the further development of Central Milton Keynes and in opening up for development the outer parts of the designated area of the new town, for which the special powers and concentration of effort which a development corporation brings are desirable. We will also wish to ensure that the considerable opportunities for further growth and investment in Milton Keynes are fully safeguarded.In the light of these considerations, my right honourable friend has decided to set 1st April 1992 as the target date for winding up Milton Keynes Development Corporation. The final decision and formal order will be made in the usual way after further consultations nearer the date.