7Strategy
(1)A regional development agency shall—
(a)formulate, and keep under review, a strategy in relation to its purposes, and
(b)have regard to the strategy in exercising its functions.
(2)The Secretary of State may give a regional development agency guidance and directions in relation to the exercise of its functions under subsection (1), in particular, with respect to—
(a)the matters to be covered by the strategy,
(b)the issues to be taken into account in formulating the strategy,
(c)the strategy to be adopted in relation to any matter, and
(d)the updating of the strategy.
(3)The issues mentioned in subsection (2)(b) include issues relating to any one or more of the following—
(a)the agency’s area,
(b)the area of any other regional development agency, and
(c)any part of the United Kingdom outside England.