BIS has published the list of Regional Development Agency (RDA) land and property assets transferring to the Homes and Communities Agency (HCA).
Pat Ritchie, chief executive of the HCA, said: ‘Today’s announcement marks a key milestone in the RDA land and property asset transfer to the HCA. We look forward to the completion of this process, and building on our existing relationships with local partners to deliver the best outcome for local communities through future development and disposal of the former RDA assets. ?The HCA will work with local partners to develop, invest in and dispose of assets, through stewardship arrangements, in pursuit of the economic development and regeneration objectives agreed by local partners including Local Enterprise Partnerships and in support of local strategies.’
HCA will be establishing Local Stewardship Partnerships with the Local Authorities, Local Enterprise Partnerships, businesses and other local partners, who will play a key role in helping to determine the future of these assets in line with local objectives. The assets will sit as a National Programme within the HCA’s work, who will be accountable to Government for the effective management and disposal of the portfolio.
This transfer is the second stage of RDA asset transfer to the HCA. In August, the Agency inherited a portfolio of 52 coalfield land and property assets from the RDAs, the majority of which were previously owned by the Agency (formerly English Partnerships) as part of the National Coalfields Programme.
The process to transfer the remaining RDA land and property assets to the HCA is due for completion on September 19.
Read the list of RDA assets scheduled to transfer to the HCA at: LINK
Find out more about RDA assets at: LINK 1 LINK2
