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Explanatory Memorandum to Strategic Investment and Regeneration of Sites (Northern Ireland) Order 2003

Article 11: Regeneration of relevant sites by the Office

Paragraph (1) provides powers for OFMDFM, where appropriate, to develop a site itself.  Paragraph (1) (d) refers to the power to create or join with other departments or relevant interested parties in creating a “body corporate”.  This could mean forming a limited company (the regeneration company option mentioned at para 10 above) to take forward the development of a site, or working in a partnership venture.

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