And he can, in co-operation with the borough, influence how the planning gain will be spent.

ECONOMIST: Local government: The mayor's new friend | The

The government will try to fulfil its ambitions in part through a phenomenon known as planning gain.

ECONOMIST: Social housing

Even before the government's fresh money arrives, some local authorities in southern England are relying on planning gain to help meet demanding targets.

ECONOMIST: Social housing

But he is allowed to refuse planning permission if he feels the relevant borough has not extracted enough planning gain from the developers.

ECONOMIST: Local government

Speaking prior to his takeover, Glover confirmed that the Spirit of 1873 would go ahead with the club's bid to gain planning permission for a new 12, 000-seat stadium at Newmarket.

BBC: Spirit of 1873 Ltd seal Wakefield Trinity Wildcats deal

Shandong Heavy is reportedly planning further overseas deals to buy fairly inexpensive assets and gain technological expertise.

BBC: Viewpoint: Why Chinese firms buy Western rivals