Background
The Corporation was set up by the government in 2003 to drive
economic growth in Thurrock, creating jobs and opportunities and
making Thurrock a place where people want to live and work.
Our role is to plan for the long term, guiding public and
private investment into quality projects which are good for the
local economy and the environment.
What are Development Corporations?
We are a public sector body, reporting to the Communities and
Local Government department and working with other public sector
organisations, including the Homes and Communities Agency.
Thurrock Thames Gateway Development Corporation opened its doors
at offices in Purfleet in 2005.
Our primary goals are to bring in and encourage economic growth
– new businesses and jobs – and provide new housing.
We are also here to make Thurrock a better place to live, with
the right facilities and green spaces.
We were set up with a corporate structure and an independent
board of directors so that we can take action and make things
happen in a way that other public bodies often can’t.
We help achieve change in four key ways in particular:
- Make and approve plans
for new developments in Thurrock. Without our vision for places
like Lakeside – and our ability to take this ahead with Government
- it would be hard for developers to take projects forward
- Assemble, buy and prepare land to make
it fit for development. Our overview of the whole borough means we
can assemble large, coherent and quality sites in a way that makes
sense for the long term – sometimes by relocating existing
businesses – in a way no single developer can. We also invest in
preparing the land ready for developers to build on.
- Bring in developers and partners or work with them on projects.
We actively market Thurrock sites, bringing together partnerships
and structures that make it possible for private sector developers
to work with local public bodies effectively
- We give grants or provide funding. With £30m of government
money a year for capital projects, we can help get projects off the
ground and enable worthwhile local initiatives as well as
purchasing land or buildings. We are able to share risk and returns
with private sector developers to ensure vital projects
happen.