Mr Kynoch said: 'One has only to visit East Kilbride and Glenrothes to see how successful the corporations have been in building successful communities, each with its own character, but with the same ingredients which bring them to life. Thriving businesses, a higher than average number of people deciding to buy their own homes, and pleasant surroundings are all signs that the corporations have successfully completed what they set out to do over 45 years ago.
'Over the last four years the corporations have had the difficult and sometimes fraught task of winding-up their affairs, disposing of their assets and passing the stewardship of the towns over to others, such as the enterprise company and the local authority. I offer the government's thanks to the boards and all of the staff for the contributions they have made to the development of the towns and to their winding-up.
'I am sure that the work that has been done over nearly 50 years and the measures that have been put in place to safeguard the future will mean that the towns will continue to thrive as centres for industrial expansion and remain pleasant places to live.'
The corporation's final reports were laid before parliament on March 25, 1996.