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Organization will be co-chaired by international trade minister Greg Hands and Wates chairman James Wates
Funding will also be available to help build new schools, healthcare centres and digital infrastructure
Housing and public inquiry into Grenfell Tower tragedy also featured in the state opening of Parliament
Scheme drawn up by Danish architect 3XN set to go in for planning before Christmas
Project will include homes and workspace for local firms
Pair planning for start-up to hit £10m turnover mark in first year
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