Tyne and Wear Development Corporation (Hansard, 24 April 1996)

§ Sir Paul Beresford

Six companies in the urban development area of the Tyne and Wear development corporation have members of the corporation's staff appointed as directors in pursuance of the corporation's statutory object of securing the regeneration of the urban development area.

Of these, five companies are regarded as new, having been formed since the corporation was created in 1987. These five companies are The Customs House Trust Limited, Jarrow AD Limited, North Shields Fish Quay Development Company Limited, Sunderland Enterprise Park Management Company Limited and Tyneside Enterprise Factory.

The sixth company, South Tyneside Groundwork Trust Limited, is regarded as an established company, being part of a national group undertaking similar work in different areas of England.

No companies in the urban development area have appointed any members of the corporation's staff specifically as advisors.

Each appointment of a member of the corporation's staff will terminate not later than 31 March 1998.

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No remuneration is paid to any of the corporation's staff for the work that they undertake as directors of the companies.

In addition, Ms S. Thomas, a former member of the corporation's staff, is also the current chairman of The Customs House Trust Limited. As in the case of each of the other directors of that company, she does not receive remuneration for that position.

The further information requested in relation to each company is as follows:

Customs House Trust Limited

One member of staff appointed as a director from mid-1991 to mid 1993 and from mid 1994 as chair.
One member of staff appointed as director from mid-1994 to 31 March 1998.
Capital costs: design fees (£291.000), building (£2,392 million), legal fees £86,000) and car park and external works (£530, 000).
Revenue funding: towards production costs and local arts development to 31 March 1996 is £198,000 including VAT.
Other assistance: The corporation's member of staff provides general advice as part of the role of director.

Jarrow 700 AD Limited

One member of staff appointed as a director form January 1993 to 31 March 1998.
Revenue funding: £40,000 towards education post plus £7,500 for survey of local needs.
Other assistance: The corporation's member of staff provides general advice as part of the role as director.

North Shields Fish Quay Development Company Limited

One member of staff appointed as director from 1992 to 31 March 1998.
Capital costs: £20,000 for setting up costs and £300,000 contribution to the partnership for refurbishment of operational premises at North Shields fish quay.
Other assistance: The corporation's member of staff provides general advice as part of their role as director.

South Tyneside Groundwork Trust Limited

One member of staff as a director from April 1991 to 31 March 1998.
Capital costs: £275,000 general sponsorship and specific project costs.
Other assistance: The corporation's member of staff provides general advice as part of their role of director.

Sunderland Enterprise Park Limited

One member of staff appointed as a director from August 1995 to 31 March 1988.

Capital costs: Assistance towards setting up costs including installation of a sixteen camera closed circuit television network security system £525,000 including VAT up to 1996–97. There is provision for up to a maximum of £400,000 to be received by the corporation before 31 March 1998.
Other assistance: The corporation's member of staff provides general advice as part of the role of director.

Tyneside Enterprise Factory

One member of staff appointed as a director from June 1995 to 31 March 1998.
One member of staff appointed as a director from December 1994 to 31 March 1998.
Capital costs: £120,000 establishment costs.
Other assistance: The corporation's member of staff provides general advice as part of their role as director.