Formation
The PDC was given an indicative budget of £45 million to be spent over its proposed five year lifetime; in 1994 its corporate plan stated that it had the potential to create over 1,300 new jobs and lever in private sector finance of some £50 million. It was the twelfth development corporation to be set up in the country, and it was created after the dockyard, the traditional major employer in the city of Plymouth, had reduced its workforce from 30,000 to 5,000, resulting in an unemployment rate of 14% in the city. The chairman was Vice-Admiral Sir Robert Gerken, a former Flag Officer at Plymouth, with deputy John Ingham, leader of Plymouth City Council.
Read more about this topic: Plymouth Development Corporation
Famous quotes containing the word formation:
“Out of my discomforts, which were small enough, grew one thing for which I have all my life been grateful—the formation of fixed habits of work.”
—Elizabeth Stuart Phelps (1844–1911)
“The formation of an oppositional world view is necessary for feminist struggle. This means that the world we have most intimately known, the world in which we feel “safe” ... must be radically changed. Perhaps it is the knowledge that everyone must change, not just those we label enemies or oppressors, that has so far served to check our revolutionary impulses.”
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“I want you to consider this distinction as you go forward in life. Being male is not enough; being a man is a right to be earned and an honor to be cherished. I cannot tell you how to earn that right or deserve that honor. . . but I can tell you that the formation of your manhood must be a conscious act governed by the highest vision of the man you want to be.”
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