The schemes backed by the London Enterprise Panel (LEP) are in areas where ambitious regeneration plans are in place and where transport infrastructure will help unlock significant economic growth.
These schemes are set to deliver improved rail links between Tottenham Hale and the Upper Lee Valley; major road improvements in Bexley and support Ealing to harness the economic opportunities coming from Crossrail.
Collectively the projects could safeguard existing or create an estimated 45,000 jobs, support the construction of tens of thousands of homes and attract significant private investment into deprived areas.
The LEP’s adoption of these bids is a significant milestone for these projects and the proposals will now progress to a final stage, including more detailed work developing business cases, technical modelling and delivery mechanisms.
The Mayor of London, Boris Johnson, said: “Transport links are a vital precursor to economic development. This money is earmarked for investment into transport schemes which have significant potential to stimulate growth and job creation.
“I welcome the London Enterprise Panel’s assessment of which projects are best placed to do this and City Hall will now be working with the bid teams to progress these ambitious proposals.”
The bids approved by the London Enterprise Panel will provide extra services at Northumberland Park and Tottenham Hale, improving rail links between Stratford, the Upper Lee Valley and beyond including Stansted Airport.
Collectively with Angel Road Station improvements, this will support the commencement of the Meridian Water development and regeneration at Northumberland Park where there are plans for an estimated 3,500 homes and 500 jobs.
It will also support the development of an estimated 15,700 new homes, 21,900 new jobs in the Lee Valley and up to 15,000 jobs in adjoining areas.
£2.5 million allocated to upgrade Angel Road station and support regeneration in Enfield (bid from Enfield Borough Council). Angel Road station is vital to the regeneration of Enfield and specifically to support the Meridian Water development and regeneration in the Lower Lea Valley more widely.
Station improvements will increase passenger capacity through an enhanced commuter rail service and boost employment across wide range of trades in the building construction industry.
Enfield Council has unveiled plans to spend £22 million on a building programme to expand 11 schools across North London which will provide 2, 400 extra school places and boost the trades.
Most of the building work is expected to be completed by September next year and could create hundreds of jobs in the construction industry as well as boost the local economy.
The Council has chosen Cornerstone Property Assets for its delivery partner of the scheme.
Cornerstone, which is led by former Partnership for Schools’ chief executive Tim Byles, welcomed the school expansion programme that will see the construction of much needed school places and improve the existing facilities.
Mr Byles said: “Enfield is taking a highly innovative approach to addressing their shortfall, and subject to the consultation, we very much look forward to working with them to create the additional places in safe, secure facilities in time for the new school year in 2013.”
Enfield Council’s Cabinet Member for Children and Young People, Cllr Ayfer Orhan, said: “This £22 million project will provide hundreds of extra primary school places in the areas they are most needed and improve our educational facilities ahead of the 2013 school year.
“We want parents and our partners to tell us what they think of the proposals so Enfield Council can be sure we get this project right and provide enough school places for Enfield’s pupils for years to come.
“We need to accommodate the expected increase in primary school places so we can address parent’s concerns that their children don’t have to travel excessive distances to school.”
The London Borough of Enfield has launched a consultation on the Masterplan for Meridian Water that could see 5,000 new homes build and create 3,000 new jobs.
The new development, which has the potential to become one of the largest eco-developments in Britain, has been designed to create new opportunities for canal and riverside homes in North London.
The £1.3 billion development will pave the way for building construction work, creating new jobs for trade professionals in the building construction industry.
Enfield Council has launched a public consultation on the 82 hectares site in Edmonton, currently occupied by a former industrial building, Construction News Reported today.
The council is looking for public input about the project and the consultation will run until the beginning of August 2012, seeking the opinions of investors, stakeholders, residents and local businesses. The Council said it was planning to work closely with potential developers in order to share the future vision of the area.
The current proposals aim to set ambitious targets for sustainability, including plans for a comprehensive district heating network. Meridian Water will also deliver improvements to public transport including improved rail services on the line connecting the area to Liverpool Street and Stratford.
The Local Authority member for Business and Regeneration, Councillor Del Goddard said: “Meridian Water is the most significant contribution to the transformation of Edmonton and it will play a significant role in driving the expansion of north London for decades to come.”
Under the masterplan written by the London Development Agency (LDA) the projects will be a significant boost for the local economy and diverse sectors of employment.
The LDA Design’s director of urban design Colin James said: “This masterplan is the first step towards bringing forward Enfield council’s vision for creating new high quality, energy efficient housing and breathing new life into employment areas. ”
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