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03Feb94 UK: EP MAY TAKE STAKES IN NEW PROJECTS.

English Partnerships, the Government's new urban regeneration agency, may take a stake in projects rather than simply give grants to developers.Its deputy chairman, Sir Idris Pearce, told a Birmingham conference last week that EP wants to be flexible in how public money is used in urban schemes.The agency is looking both at taking equity stakes and at participating in projects by committing itself to use its compulsory purchase and development powers alongside private partners.One source ...

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