ance ▁on ▁government ▁fund ing ) ▁would ▁be ▁needed ▁much ▁less . ▁▁▁ ▁The ▁Br umm ie ▁B onds ▁issue ▁was ▁a ▁significant ▁part ▁of ▁the ▁process . ▁Cl ancy ▁saw ▁this ▁as ▁a ▁part ▁of ▁a ▁wider ▁process ▁of ▁re w iring ▁new ▁local ▁economic ▁path ways ▁and ▁what ▁he ▁referred ▁to ▁as ▁“ conf ident ▁acts ▁of ▁local ▁economic ▁self - det erm ination ”. ▁ ▁H ous ing ▁ ▁He ▁identified ▁the ▁most ▁pressing ▁challenge ▁facing ▁B irmingham ▁to ▁be ▁its ▁lack ▁of ▁housing ▁to ▁meet ▁a ▁fast - g row ing , ▁young ▁population ▁and ▁the ▁poor ▁quality ▁of ▁much ▁of ▁the ▁social ▁housing ▁which ▁was ▁existing . ▁He ▁proposed ▁bringing ▁in ▁the ▁council ’ s ▁and ▁other ▁wealth ▁from ▁global ▁capital ▁into ▁meeting ▁the ▁need ▁to ▁kick start ▁a ▁massive ▁house ▁building ▁programme ▁and ▁building ▁ ▁council ▁houses ▁at ▁a ▁scale ▁not ▁seen ▁since ▁the ▁ 1 9 6 0 s . ▁▁▁ ▁Cl ancy ▁led ▁a ▁number ▁of ▁over se as ▁trade ▁miss ions ▁to ▁sid est ep ▁U . K . ▁and ▁Government ▁fund ing ▁short falls ▁to ▁fund ▁house - building ▁and ▁economic ▁reg ener ation . ▁In ▁particular ▁he ▁signed ▁a ▁£ 2 ▁billion ▁agreement ▁for ▁invest ment ▁in ▁housing ▁in ▁the ▁city ▁with ▁Gu ang d ong - based ▁developer ▁Country ▁Garden ▁during ▁his ▁week - long ▁trade ▁mission ▁to ▁China . ▁▁▁ ▁He ▁remains ▁the ▁Labour ▁coun c ill or ▁for ▁Qu inton ▁w ard ▁in ▁B irmingham , ▁England . ▁He