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Costly regeneration firm given the chop by council
3:00pm Saturday 5th July 2014 in News
A CONTROVERSIAL regeneration company set up by Tendring Council for £1.2million, will be shut down.
Councillors decided to dissolve Tendring Regeneration - which was run as Intend - at a meeting on Tuesday.
The company, which was set up by the former Tendring First-led administration in 2008, has been inactive for four years and now has just £43,000 in its bank account.
Mick Page, current leader of the Conservative-run council, said the money had been eaten up by operational and staff costs.