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Issue Date: 19 July 2007
Bridging NewcastleGateshead welcomes City Development Company announcement
Bridging NewcastleGateshead (BNG) has welcomed the announcement that the two local authorities and One NorthEast are taking the next steps towards establishing a City Development Company.
Jim Coulter, Chair of BNG commented: “Bridging NewcastleGateshead and NewcastleGateshead Initiative have made great progress in developing closer working partnerships between NewcastleGateshead.
“Our partnership is effectively and successfully delivering a multi-million pound regeneration initiative which is transforming parts of NewcastleGateshead.
“We welcome the announcement of the establishment of a formal partnership and look forward to working within a strengthened political structure.
“A new City Development Company can only benefit NewcastleGateshead as it will accelerate economic development, and it will complement the work that we and NGI are delivering.”
Bridging NewcastleGateshead covers an area of around 77,000 properties in NewcastleGateshead and is delivering a programme of improvements that includes new build, refurbishment and, where necessary, clearance for land acquisition. It is a strategic partnership between Newcastle and Gateshead Councils and receives funding from Communities and Local Government.