MHCLG updates guidance on Mayoral Development Corporation legislation and scrutiny
The Ministry of Housing, Communities and Local Government (MHCLG) has updated its guidance on the legislation and scrutiny of Mayoral Development Corporations in combined authorities and combined county authorities. Following sector consultation, the revised guidance clarifies the role of Mayors in appointing Chairs, offers advice on managing liabilities remaining after the closure of subsidiary companies, and refines the roles and responsibilities of officers in both mayoral combined and combined county authorities. Additionally, the update includes revisions to the list of statutory instruments that confer functions related to Mayoral Development Corporations on these authorities. This new guidance builds on the original publication, which was issued in response to a recommendation from the Tees Valley independent review report dated 29 January 2024, and it further clarifies legislation concerning oversight, reserve matters, and consent in relation to Mayoral Development Corporations.