Private sector funding to restore derelict areas, first established in 1981in London Docklands, main aims= attract new businesses, improve local environment, create jobs, build new houses. Between 1981 and 1998 24,000 homes were built, 85,000 jobs were created, in addition to building new schools, parks, community facilities including sailing and water sports centre and Surrey Quays shopping centre. By 1993, 12 UDC had been established, to redevelop rundown areas of the country. They were criticised for ignoring needs of local residents