BCP Council is considering setting up a company to expand and speed up its multi-million pound regeneration work.

Plans have been drawn up to found an organisation which would take on the management of projects and advise on schemes.

The council said this would “bring together the resources, leadership and focus required to deliver the ambitions” of its Big Plan economic strategy.

The Big Plan, revealed earlier this year, sets out the council’s five top priorities which include the constructions of thousands of new homes and the creation of 13,000 jobs.

Just under £2 million has already been allocated for this, alongside the £50 million Futures Fund.

Earlier this year its cabinet approved the use of consultancy Inner Circle to consider ways through which these could be met.

“It is essential that we utilise these resources to the maximum effect and the council has recognised that to meet its ambition will require a fundamental change of approach,” a report published following the completion of its work says.

“It is therefore proposing the creation of an external vehicle to oversee and manage the urban development agenda across the BCP city region, focusing on bringing forward development on the key sites owned by BCP Council.”

This includes the Civic Offices in Christchurch and Civic Centre in Poole.

It has recommended the council sets up a wholly-owned company which would give “regeneration advice and development and project management services”.

The company would neither own any sites now be responsible for any construction projects.

But cabinet member for regeneration, councillor Phil Broadhead, did not rule out the possibility of this changing further down the line.

“We’ve got a plan for what we want right now,” he told the council’s scrutiny board on Monday. “We don’t intend to see any property going into this company but as time evolves…we’ve got the flexibility to change if needed.”

He added that the company would not overlap with its existing Bournemouth Development Company operation and that it would provide expertise the council did not have in-house.

Cabinet members will be asked to green light the company next week and Cllr Broadhead said it could be operational “in a matter of weeks”.