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In a single case the panel checked out how personal property builders have ended up proudly owning 90% of the location.
The report says they put no cash into the scheme, however they’ve made cash on the again of public sector funding of greater than £560m.
The deal, it’s stated, ought to have been scrutinised extra by the Tees Valley Mixed Authority – all 5 of the Tees Valley native councils.
Extra broadly, the assessment discovered a tradition of extreme confidentiality and an absence of transparency on the improvement company.
The ultimate conclusion states that “inappropriate choices and an absence of transparency which fail to protect in opposition to allegations of wrongdoing are occurring, and the ideas of spending public cash will not be being noticed”.
The assessment panel makes 28 suggestions, lots of which suggest extra openness and extra oversight by the Tees Valley Mixed Authority.
