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.