| Investment and Regeneration AheadThe Way Famous for centuries for its Royal Navy dockyard, which closed 25 years ago, Medway is making history once again as the evolving new city of the Thames Gateway. Ò In summer 2009 the Audit Commission awarded Medway Renaissance a two-star ÔgoodÕ rating. No local authority in England had ever received a higher score Temple Waterfront Comprising Chatham, Gillingham, Rainham, Rochester and Strood, Medway is the largest urban area in the South East outside of London. The Medway economy is worth around £2.8bn per year and contains more than 13,000 businesses. Medway is also part of the Thames Gateway in North Kent and has several major regeneration projects underway. Leading MedwayÕs renaissance Medway has already witnessed successful regeneration with the creation of Chatham Maritime and St MaryÕs Island. An inspection in summer 2009 by the Audit Commission awarded MedwayÕs regeneration service, Medway Renaissance, a two-star ÔgoodÕ rating. No local authority in England had ever received a higher score. An independent assessment by the 4Ps local government consultancy puts Medway Renaissance in the top 10% of UK regeneration units. Flowing riverside developments Internationally renowned architect Sir Terry Farrell was appointed MedwayÕs