Emda agrees Blueprint deal
Nottingham-based developer Blueprint has said its future is secured after shareholder East Midlands Development Agency (Emda) agreed to pass its stake in the company to the Homes and Communities Agency (HCA).
As reported by Insider last week, the government agreed to transfer all assets from regional development agencies such as Emda to the HCA as it prepares to abolish the agencies by April next year.
Under the new agreement, Blueprint – which specialises in eco regeneration projects - will continue to be a 50-50 public private-partnership.
From September, it will be half-owned by the HCA and half by Aviva Investors’ Igloo Regeneration Fund, which invests in sustainable urban development.
Blueprint's chairman Jeff Moore said: "The partnership remains committed to working in difficult regeneration environments. It will continue to be innovative and entrepreneurial with a focus on sustainable investment and it will maintain its strong focus on delivering projects in partnership with local authorities and communities."
