Council moves to ease NDC succession fears

Sarah Townsend, Regeneration & Renewal, 9 November 2009

The agreement is being created in response to concerns raised by Labour councillor Louise Baldock, who last month resigned in protest at a proposed succession strategy for Kensington Regeneration.

The NDC partnership wanted the income generated from its assets to be transferred to a community interest company (CIC) set up to fund local projects. But Baldock said the CIC would spend too much of this on overhead costs under the proposals and that residents would have little control over funding decisions.

But Labour councillor Nick Small, who has been involved in negotiations over the succession strategy, said the deal would ensure that at least ten per cent of the CIC's members were residents and that all residents would be allowed to vote on where the body's money should be spent.