Sheffield Development Corporation

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Sheffield Development Corporation
Formation	1988
Extinction	1997
Headquarters	Sheffield
Official languages	English
Chair	Hugh Sykes

The Sheffield Development Corporation (SDC) was created in 1988 to oversee the urban regeneration of the Lower Don Valley area of Sheffield. The area had been the major industrial region of Sheffield but had gone into decline since the 1960s. Huge parts of it were now derelict and the city as a whole was suffering from large unemployment.^[1] Although it worked in cooperation with Sheffield City Council, it operated largely outside of its control. Planning permission for new developments had to go through the SDC and not the local council.^[2] It was wound down in 1997 with development operations ceasing on 1 April and dissolved on 1 July. Its chairman was Hugh Sykes and deputy chairman was initially Lord Fred Mulley who died while in the position. Fred Mulley Road was named in his honour. He was succeeded by Norman Adsetts.

1 Key economic indicators
2 Developments
3 Criticism
4 After the SDC
5 References
6 See also

[edit] Key economic indicators

During its existence it invested £101 million of government money and £7.5 million from the European Union. This was supported by £680 million of private investment. It reclaimed 600 acres (2.4 km²) of land and created over 5 million square feet (460,000 m²) of commercial floor space. It also created 18,000 new jobs. It also regenerated the local landscape with 160,000 trees and shrubs and renovated the Sheffield and South Yorkshire Navigation^[3].

[edit] Developments

The most famous development during its time was Meadowhall, which was Europe's largest shopping centre when it was built in 1991. It also brought the Abbey National share exchange centre to the area along with several call centres. Sheffield City Airport was also built during this time but is now facing an uncertain future since the end of chartered flights and the construction of Robin Hood Airport Doncaster Sheffield airport. The Victoria Quays at the end of the Don Valley Navigation also received a large investment.^[1] Although largely built in the region the SDC had no involvement with the World Student Games development.

There was also due to be a four lane link road from junction 34 of the M1 at Meadowhall and the city centre. This was abandoned for a more modest improvement of the local roads when the early 1990s recession struck. In the end a total of 9 miles of road was improved.

[edit] Criticism

In 1989 there was accusations that the chairman was using his authority for personal financial gain. Although he was never found to be doing anything improper or asked to step down, he did have business interests within the region. He was also a non-executive chairman of a company who invest in regeneration projects in Sheffield^[4].

It has also been pointed out that a lot of the jobs created by the regeneration have been in the service industry. These are generally more poorly paid than the industrial jobs they replaced. They also tend to be part-time as well as full-time opportunities.^{[citation needed]}

The use of compulsory purchase orders by the SDC was seen as aggressive, especially in the first years of its existence. This led to the creation of the Lower Don Valley Business Association (LDVBA) in order to oppose some of its schemes. The situation improved owing to a number of factors, including the recession which caused the corporation to scale down such schemes. This eventually led to the disbanding of the LDVBA and good relations with local business.^{[citation needed]}

[edit] After the SDC

The land continued to be developed after the dissolution of the SDC. A further 6,000 jobs were already due to be created and £124 million was pleged to redevelopment of Sheffield by the government over the next 7 years^[5]. Since 1997 the lower Don Valley has also seen further investment due to its links. Valley Centertainment, including one of the country's largest cinema complexes, has also been built since 1997. In May 2005 Sheffield City Council announced a £1 billion pound investment scheme for the Attercliffe area taking 20 years to complete.^[6]