The Government has overturned its predecessors' decision to absorb the Thurrock Thames Gateway Development Corporation into the Homes & Communities Agency and has instead announced the regeneration body will be absorbed by Thurrock Borough Council in April 2012.
"Putting Thurrock Borough Council back in command of local regeneration puts decision-making power back into democratically elected hands - marking a new era in the area and giving local people more influence to shape the place in which they live," said planning minister Bob Neill.
"This is part of our wider plans to decentralise strategic oversight of the Thames Gateway, freeing local authorities from the shackles of Whitehall diktat."
The urban regeneration company will move into the Council's premises next March and treatment of its assets will be considered as part of the detailed arrangements.
The Corporation recently published its Thurrock Regeneration Plan which foresees building 18,500 homes by 2021 and addressing employment and deprivation in the borough.
