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About: Tyne and Wear Development Corporation     Goto   Sponge   NotDistinct   Permalink

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The Tyne and Wear Development Corporation (TWDC) was established in 1987 to develop land on the banks of the River Tyne and the River Wear in England. Its flagship developments included the regeneration of the East Quayside in Newcastle, Royal Quays in North Tyneside and St Peter's in Sunderland. During its lifetime 10,700,000 square feet (990,000 m2) of non-housing development and 4,550 housing units were built. Around 33,707 new jobs were created and some £1,115m of private finance was leveraged in. Circa 1,287 acres (521 ha) of derelict land was reclaimed and 24 miles (39 km) of new road and footpaths put in place.The Chairman was Sir Paul Nicholson and the Chief Executive was Alastair Balls. It was dissolved in 1998.