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what issues will arise from the Regional Development Agency land transfers

7 September 2011

The process of transferring RDA assets has taken place in stages and is expected to be completed by 19 September 2011. In July, the Department of Business, Innovation and Skills published a list of RDA land and property assets being transferred to Homes England, who will be accountable to government for the effective management and disposal of the portfolio.

The majority of the RDA land and property portfolio will be transferred into a stewardship arrangement with Homes England through which local partners, including local authorities, businesses, local enterprise partnerships (LEPs) and others will be able to influence their development. As such, there is likely to be an increased number of interested parties who may each have potentially conflicting interests.

Those dealing with the development of former RDA land will need to factor in these changing arrangements for the holding of it. The transfer of land to Homes England may have significant impact upon current and future transactions and their timeframes.

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