£1bn University Olympic Park Set to Create New Jobs

University College London has been given the go-ahead to build a £1 billion campus next to the Olympic site in east London that would create 3,300 new jobs and boost the trades.

The decision means that Newham Council will now enter into detailed negotiations with the University regarding the proposed redevelopment of the Greater Carpenters Neighbourhood, a 23-acre site in Stratford set to create and sustain thousands of trade jobs.

UCL’s proposals for the site include academic and research facilities as well as new residential accommodation for students.

The decision by Newham Council enables UCL to start construction work on the Stratford site in 2016, paving the way for new jobs in the construction industry.

The £1 billion investment is forecast to lead to significant capital investment into the borough with new employment, and a permanent major boost to the local economy.
The proposed development would also provide world class architecture, public spaces and an academic gateway to the Olympic Park complementing the existing higher education offer in Newham.

This development would play a major part in delivering real improvements in the quality of life for Newham’s residents and opening up opportunities for future generations.

Sir Robin Wales, Mayor of Newham said: “This important scheme will also inspire our youngsters to look at what prospects are available to them as well as creating fantastic long term economic benefits for residents and creating jobs and opportunities for years to come.”

John Burton, Director of Development at Westfield said: “We are delighted that UCL plans to establish its new university campus in Stratford. This announcement demonstrates that Stratford’s regeneration is accelerating – with over 10,000 new jobs already and many thousands more set to come with UCL Stratford and further development both in the Queen Elizabeth Olympic Park and Stratford town centre.

“We are seeing an astonishing transformation take place, and bringing one of the world’s top universities to Stratford will only strengthen its offer as one of the best connected and exciting development areas anywhere in Europe.”

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Posted on October 29, 2012, in Affordable housing, Building Construction Industry, Building Engineering Sector, Business, Career change, Construction, construction jobs, construction news, Employment, Government, Housing Scheme, Infrastructure, jobs, plumbing, plumbing jobs, Politics, Property maintenance busines, t4ts, Trades, train4tradeskills, Train4TradeSkills News, UK Economy and tagged , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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