Welcome to Manchester Confidential
Reset Password
The Confidential websites will be undergoing routine updates. This may cause the sites to go offline. We apologise in advance for any inconvenience.

You are here: Manchester ConfidentialNews.

New East Manchester taken over by council

Business as usual says regen company

Published on January 28th 2011.

New East Manchester taken over by council

Manchester City Council is to take over the ownership of regeneration company New East Manchester (NEM).

New East Manchester will become a wholly-owned subsidiary of the council after the Northwest Regional Development Agency (NWDA) and the Homes and Communities Agency (HCA) officially withdrew as shareholders.

NEM chief executive Eddie Smith will remain in his post, although there may be changes to the board of directors under the new arrangement. It has not been decided if the number of staff working on NEM projects will be changed. Most NEM staff are employed by the city council and seconded.

Simon Bate, chairman of New East Manchester said: “Following New East Manchester’s (NEM) board meeting yesterday, it has been agreed in principle that NEM will become a wholly owned subsidiary of Manchester City Council, who remain firmly committed to the continued regeneration of East Manchester for the long term.

“The company has successfully laid strong foundations over the past decade, and the future regeneration of East Manchester will build upon this, working closely with the City Council and other public bodies, local communities and the private sector to encourage development and unlock investment.”

A spokeswoman for NEM there should be ‘no dramatic changes’ to the way NEM operates.

More details to follow.

Like what you see? Enter your email to sign up for our newsletters which are chock-a-block with more great reviews, news, deals and savings.

Burt CodeineJanuary 28th 2011.

...anything to do with the ADUG/Man City/MCC's weekly buying up of half of East Manchester...?

To post this comment, you need to login.Please complete your login information.
Or you can login using Facebook.

Latest Rants

Ashle Kumar

After putting password in our system often we forget it. But don't worry it can be recover by a…

 Read more

Postal services in goverment sector are pretty awesome. Now USPS offering excellent services in…

 Read more

Know your username(which is same as your employee number) Now click this link. And complete your…

 Read more

Link below to an MEN article on future plans for the area.…

 Read more

Explore The Site

© Mark Garner t/a Confidential Direct 2021

Privacy | Careers | Website by: Planet Code | SEO by The eWord