Urban Development Corporation
/ˌɜːbən dɪˈveləpmənt kɔːpəreɪʃn/
/ˌɜːrbən dɪˈveləpmənt kɔːrpəreɪʃn/
- any of several former organizations started by the British government to develop and improve areas of the inner cities. The first two were started in 1981 in London's Docklands and in Merseyside, and created new offices, houses and industries. The Corporations encouraged businesses from abroad to come to the areas.
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Urban Development Corporation