(1)An MDC may regenerate or develop land.
(2)An MDC may bring about the more effective use of land.
(3)An MDC may provide buildings or other land.
(4)An MDC may carry out any of the following activities in relation to land—
(a)acquiring, holding, improving, managing, reclaiming, repairing or disposing of buildings, other land, plant, machinery, equipment or other property,
(b)carrying out building and other operations (including converting or demolishing buildings), and
(c)creating an attractive environment.
(5)An MDC may facilitate—
(a)the regeneration or development of land,
(b)the more effective use of land,
(c)the provision of buildings or other land, or
(d)the carrying out of activities mentioned in subsection (4).
(6)In this section—
(a)a reference to a “building” is a reference to—
(i)a building or other structure (including a house-boat or caravan), or
(ii)any part of something within sub-paragraph (i);
(b)“develop” includes redevelop (and “development” includes redevelopment);
(c)“improve”, in relation to buildings, includes refurbish, equip and fit out;
(d)“provide” includes provide by way of acquisition, construction, conversion, improvement or repair (and “provision” is to be read in the same way).