A consultation launches today (Wednesday 18 June) to hear views on plans for the Mayor of London to be given overall responsibility for the future regeneration of Old Oak Common and Park Royal.
The Mayor Boris Johnson has recently outlined proposals to transform the area into a thriving new district with up to 24,000 new homes and more than 55,000 jobs. He intends to create a new Mayoral Development Corporation (MDC) to unlock the enormous regeneration potential of 950 hectares of industrial land at Old Oak Common and Park Royal in West London.
Now local businesses, residents, landowners and local authorities are being asked for their views about how the proposed MDC can best maximise the enormous benefits that are linked to the construction of a new ‘super hub’ High Speed 2 (HS2) and Crossrail Station that is due to be built at Old Oak by 2026.
Stakeholders will also be asked if they think the Mayor should be given overall responsibility for regenerating neighbouring Park Royal to ensure it remains London’s largest industrial estate.
Research from the Mayor’s Office indicates that the entire regeneration scheme could be worth up to £6.2 billion for the London economy, with the potential for Old Oak Common to supply up to 2.5 per cent of the Greater London housing requirement and almost 14 per cent of Greater London’s employment need up to 2031.
The Mayor of London, Boris Johnson said:
“The arrival of Crossrail and HS2 provides a once-in-a-lifetime chance to transform Old Oak Common and Park Royal into a brand new neighbourhood for West London. It is crucial that we get the views of local people so that we can reap the full benefits of this opportunity for local people and London as a whole.”
The proposed MDC will look to emulate the success of the London Legacy Development Corporation that continues to lead the post-Olympic regeneration of Stratford and East London.
The public consultation will ask Londoners for their views on issues such as the proposed boundary, its potential planning powers and whether an MDC is the most effective way to deliver the regeneration.
The proposed HS2 / Crossrail station will be the same size as Waterloo, with the capacity to handle 250,000 passengers a day, and link the two largest infrastructure projects in the UK. To support the development, it is critical that improved links to the London Overground and the West Coast Main Line are made – a case that the Mayor is making to HS2. Five of the nation’s airports will be linked to the high-speed rail network for the first time through the Old Oak Common Station. Central London and Heathrow will be just 10 minutes away, Birmingham will be 40 minutes direct from Old Oak Common and Luton, Gatwick and City Airport will all be within 45 minutes. In addition, if the Government decides to move Heathrow to a new hub to the east of London, there will be a direct connection from Old Oak Common via any future link with the HS1 line in less than 30 minutes.
The Mayor’s Office has already entered into detailed discussions about establishing the MDC with Ealing, Brent and Hammersmith & Fulham Councils. It is hoped that the MDC will be established by April 2015.
The consultation will take place from June 18 to September 24, 2014. There will be a significant leaflet drop in the local area and more information is available here.