Between 1987 and 1998, the development corporation attracted 1,000 companies, generating 28,299 new jobs and £1.759 billion of private sector investment. The setting up of the corporation was intended to be only a temporary measure, terminating on 31 March 1997, but it was extended for a further year until March 1998 when responsibility for Trafford Park's development passed to Trafford Council. The park is once again a major centre of employment in Trafford, and its regeneration has led to a high start-up rate for businesses and low rates of unemployment in the area. As of 2008, there were 1,400 companies within the park employing an estimated 35,000 people.