WOLVERHAMPTON Development Company – the body tasked with regenerating the city – is to be wound up.

The decision was made after WDC was told that its funding would be reduced as Advantage West Midlands faces the prospect of also being culled.

The body receives financial support from Wolverhampton City Council which is also reviewing its budgets.

Chief executive Stephen Catchpole said: "It is now clear that funding to WDC can no longer be guaranteed to March 2011 as the funding partners are having t......for the full story register now for free or login below...