Posts tagged Boris Johnson

Mayor announces £40m to create jobs and economic growth

London Mayor Boris Johnson

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.

Inward investment on the rise as Olympics brings £2.5bn to UK economy

Inward investment on the rise as Olympics brings £2.5bn to UK economy

Britain’s Olympics has delivered a £2.5 billion boost in foreign direct investment (FDI) over the past year, bringing with it more than 31,000 jobs, according to preliminary figures published today.

The investment projects generated following the 2012 Olympics’ British Business Embassy programme of global business summits have helped ensure that the UK has again retained its position as the leading European destination for foreign direct investment.

The preliminary data published today at the Global Investment Conference shows that during 2012-13, UK Trade & Investment (UKTI) recorded 1,462 projects which brought with them or safeguarded 163,489 jobs. Of these 58,170 are new jobs – beating both the quantity of investment attracted and employment secured in the previous year.

The Prime Minister, David Cameron joined other high profile delegates from 40 countries at the Global Investment Conference, including the German and Canadian finance Ministers, Managing Director of the International Monetary Fund Christine Lagarde, global chief executive officers, sovereign wealth funds representatives and corporate investors.

Senior Ministers Chancellor George Osborne, Energy Secretary Ed Davey, Trade Minister Lord Green, Treasury Ministers Greg Clark and Lord Deighton and London Mayor Boris Johnson also spoke to delegates about the UK’s compelling offer as both a hub for global growth and an international investment destination.

Trade and Investment Minister Lord Green said: “Foreign investment creates hundreds of thousands of jobs and helps to increase the productivity and competitiveness of the UK economy. It’s a vital strand of the Government’s plan for growth.

“The 2012 Olympics were a once in a generation opportunity for the UK to showcase to the world Britain’s compelling investment offer and these preliminary figures are very encouraging. Despite strong competition from our traditional competitors and emerging economies, Britain has retained its position as the leading destination for foreign direct investment in Europe.

“To retain the UK’s enviable position as one of the most attractive global locations of choice, Britain will need to continue to work hard to attract high value foreign investment in the coming year and beyond.“

The preliminary data published today compares favourably with last year’s 1406 recorded projects (4% increase) and 112,659 jobs (45% increase). Of the 163,489 jobs, 58,170 are new jobs and 105,319 safeguarded jobs. UKTI and its partners were involved in delivering nearly 84% of the projects. Full results will be published in July.

Boris Johnson reveals £100m affordable housing boost

Train4TradeSkills Blog Boris JohnsonThe Mayor of London, Boris Johnson, has secured a £100 million government investment for housing providers to help boost affordable housing in the capital.

The new investment secured by Mayor Johnson forms the latest part of his pledge to safeguard London’s affordable housing market and create new jobs in the construction industry.

By improving housing options of Londoners, Boris Johnson is providing a real boost for building professionals and people working in the trades.

Today’s investment represents an additional funding to the first £100 million Housing Covenant announced by the Mayor in September. The scheme will target housing providers who commit to starting construction on site by March 2015 at the latest.

Mayor Boris Johnson said: “This latest tranche of cash is another fantastic opportunity for housing providers in the capital to deliver the homes that this city desperately needs.

“Whether it’s for affordable homes to own, or to make better use of properties that lie empty or under-used, the fund will help working Londoners across the capital and create valuable jobs in construction.”

The Mayor, who has overseen the release of 100 hectares of Greater London Authority land since he assumed his new housing powers, announced last month that funding allocations for the first part of his Housing Covenant would deliver more than 3,000 homes and support around 6,000 construction jobs.

Developers, local authorities, charities and private organisations are all invited to bid for funding, which will be used to deliver affordable homes to own.

The Mayor also wants to hear from organisations committed to bringing empty properties or under-used commercial units back into use as affordable homes or to help London boroughs tackle homelessness. Organisations interested in submitting bids in London will need to do so by April 30. The funding prospectus for this round of funding can be accessed from here.

Imperial College unveils plans for new London campus

Imperial launches major new research and translation campus

Imperial College London has revealed further details of its plan to build a £150 million campus in White City that will create around 3,200 new jobs and boost the trades.

The centrepiece of the 7-acre new Imperial West campus is the multi-million Research and Translation Hub for academics and business partners that will see the building of new homes, publicly accessible green space, pedestrian subways and leisure and retail facilities.

Imperial West is set to become a major new research quarter for London, reinforcing the capital’s position as a catalyst for scientific development and economic growth

Imperial bought the land for the new campus from the BBC in 2009. The first new building, which provides accommodation for over 600 postgraduates and early career researchers, has been occupied since September 2012.

Terms of the planning permission for the rest of the site were agreed with the London Borough of Hammersmith and Fulham in December 2012

Design work on the Hub, which is funded by investor Voreda and from the College’s own resources, is underway. The College plans to complete the construction in 2015.

Mayor of London, Boris Johnson, said: “London is home to some of the world’s leading universities and sharpest business minds.

“This fantastic venture will bring the best of both these worlds together turning brilliant ideas into jobs and economic growth and further bolster our reputation as the must-come destination for research and development.”

Minister for Universities and Science, David Willetts, said: “Imperial is one of our country’s great universities and the new Imperial West campus is a really exciting development. It will focus on translational work – on applying the excellent research that Imperial does to bring benefit to the wider world.

“The government strongly supports the vision and plans for the new campus and we look forward to seeing it grow and prosper in the future.”

What is your reaction to the new campus at Imperial College London that is forecast to create thousands of new jobs and boost the trades? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.  

Mace to kick-start £250m Greenwich regeneration scheme

Developer Hadley Mace has finalised a deal with the Mayor of London Boris Johnson and the Royal Borough of Greenwich to deliver a £250 million mixed-use scheme in east Greenwich that will create new jobs.

It is anticipated that the first phase of homes and community facilities will be completed by late 2014, with the entire development completed approximately three years later, paving the way for employment in the trades.

David Grover, director of Hadley Mace, said: “This leading scheme will demonstrate the benefits of public private consortium and its impact on a community that has been anticipating investment and re-development for more than 10 years.”

“The partnership between Hadley and Mace came about as a response to the Home and Communities Agency’s quest to find a new way of regenerating neighbourhoods with fresh, innovative thinking and creative investment.

“Acting as delivery partner for the client, and taking control of funding and risk aspects of the scheme, we are offering a full turn-key solution that can be replicated throughout the UK on all public land and any stalled public regeneration scheme.”

The Mayor of London, Boris Johnson, said: “This landmark regeneration scheme is a key part of my commitment to provide much-needed housing and jobs for Londoners by bringing forward public land for development.

“The East Greenwich project will see nearly 30% of homes built with families in mind and the construction of some fantastic new amenities that will help to create a thriving and vibrant community.

“I am delighted the scheme is now storming ahead and is another step closer to delivering what I have no doubt will be an exciting new place for Londoners to live, work and visit.”

Boris gives the go-ahead for London jobs boost

Mayor Boris Johnson has approved plans to redevelop a historic building in East London which will create 2,300 new jobs and boost the trades.  

The plans will see the demolition of the London Fruit and Wool Exchange which will make the way for a six-storey building for office and retail use to be build.

The Mayor believes the site and its location are vital to the prosperity of this fast developing part of the capital and to London’s wider economy.

Mayor Johnson used powers granted to him in 2008 to support the application, which had previously been refused planning permission by Tower Hamlets Council.

He said: “The historic London Fruit and Wool Exchange, in the heart of London’s East End, is a former commercial epicentre to which producers and buyers flocked from miles around to do business.

“These plans will not only restore the façade to its former glory, but regenerate the Spitalfields area with thousands of new jobs, and brand new commercial opportunities.

“It will also make a vital contribution to the wider London economy and have a significant impact not just on Tower Hamlets but on surrounding boroughs as well.

“I can find no reason to refuse permission and am of the firm view that this ambitious and important redevelopment should go ahead.”

London Mayor Unveils £100m Housing Boost

London Mayor Boris Johnson has launched a £100 million fund to help a range of housing projects across the capital and boost the trades.

House builders will have the chance to put their bids forward to deliver major building work which could boost the London economy by £2 billion and create new jobs in the construction industry.

According to the Mayor, injecting such significant investment in the housing market could contribute £1 billion worth of construction projects across the city.

The Mayor has said that all ‘reusable investment’ from this funding boost will be reinvested for the building of more affordable homes over the next decade.

Motor Johnson said “To improve the housing choices of those who work to make this city the fantastic place that it is, I am opening up the market, cutting red-tape and injecting £100million  worth of investment to stimulate supply.

“The programme we are announcing will not just unlock the door to home ownership for thousands more Londoners, it will give a welcome shot in the arm for jobs in the capital’s construction industry and spur wider economic growth too.”

The first homes are expected to be available for sale in early 2013 with completions ranging up until March 2016.

Boris gives the go ahead to £320m regeneration scheme

The Mayor of London Boris Johnson and Communities Secretary Erick Pickles have given final approval to a £320 million regeneration scheme in Harrow.

The project will turn the 40-acre strip of land, previously used by the camera company Kodak, and build 985 new homes, a primary school, medical centre as well as shops and offices.

Portfolio holder for regeneration at Hallow Council, Keith Ferry, said he was ‘delighted’ that the project, which was granted panning permission in June, had finally been approved by the Government, paving the way for building work to start in early 2014.

Mr Ferry said: “As a council we are determined to deliver on our promise to regenerate and build the most sustainable community in Harrow and to establish a thriving residential and commercial centre.”

Developer Land Securities estimates the project, which also includes a community centre, student accommodation, and a retirement home, will create up to 1,500 jobs in the construction industry.

Harrow Council said that this development is the biggest in the area and it forms part of the wider Heart of Harrow project, which seeks to create 3,000 new jobs and build 2,500 new homes.

What is your reaction to the multi-million development scheme which has been approved by the government? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.

Olympic Legacy for the Trades as well Sport

“Post-Olympic Work to Create New Jobs in the Trades” 

The London Legacy Development Corporation (LLDC) has appointed Britain’s second biggest homebuilder to build the first of the five new neighbourhoods on the Olympic Park.

The appointment of Taylor Wimpey and asocial housing landlord L&Q will transform the 9.3 hectare Chobham Manor site, delivering 870 new homes and supporting thousands of new jobs in the trades.

Sitting between the Athletes’ Village and the Lee Valley VeloPark, the development of Chobham Manor will address the residential needs for larger homes, with more than 75% of the new homes offering family housing.

Eleven thousand new homes, schools, nurseries and shops are set to be built in the Olympic Park over the next 20 years after the London Games leave town.

Daniel Moylan, Chairman of the London Legacy Development Corporation, said:“Chobham Manor will set the tone for the high quality neighbourhoods we want to create across the Park with new schools, health centres and community spaces to support them.”

The Mayor of London, Boris Johnson, welcomed the announcement by emphasising the future benefits for local communities and the increasing accommodation needs in the city.

Mr Johnson said: “With the incredible energy of London 2012 captivating audiences across the world, the long-term legacy of the Olympic Park is quietly going from strength to strength.

“The development of Chobham Manor is major milestone and will help ensure a thriving community on the Park becomes a reality sooner rather than later.”

What are your reactions of the Olympic Games and the lasting legacy they will bring to London’s infrastructure? Do you welcome the Post-Olympic work which is set to deliver thousands of new homes for Londoners? Share the wider implications of the Games for you and your business by commenting here or raising your voice on our Facebook and Twitter page.

The Mayor of London Will Build 100, 000 Affordable Homes


The Homes and Community Agency (HCA) published new figures today revealing that the Mayor of London, Boris Johnson, is on track to build 100, 000 affordable homes by 2015.

More than 54, 000 homes were built in Mayor’s first term, exceeding Mayor Johnson’s pledge to provide 50, 000 affordable homes for Londoners over the four-year period of his term. In the past year 16,000 homes were built in London, which means Boris Johnson has exceeded his initial target by 4, 000 homes.

The government has given new powers to Mayor’s office in order to boost housing delivery in the capital. Mr Johnson has now pledged to build up to 100, 000 affordable homes with potential to create 100, 000 new jobs

The Mayor of London, Boris Johnson, said: “Four years ago I said that if we were going to improve Londoners’ lives it was going to be essential that we boost affordable housing supply in the capital. The hard work is by no means over but despite some of the most challenging economic conditions for decades we have delivered more than 54,000 affordable homes over the past four years.

“By 2015 we will have delivered over 100,000 affordable homes for London, which will give a vital boost for jobs and the wider economy, as well as providing decent places that people actually want to live in.”- added Mr Johnson.

Share your experiences about finding affordable homes in the London area? What is your reaction to the Mayor’s plan to deliver more affordable homes for Londoners? Let us know what you think by leaving a comment here or raising your voice on our Facebook page.

Regeneration of Olympic Park to Boost the Building Construction Industry

 The London Legacy Development Corporation (LLDC) has unveiled plans for the regeneration of the future Queen Elizabeth Olympic Park which will generate millions of pounds in the British economy and boost the building construction industry.

The new park will reopen exactly one year after London 2012 opening ceremony, becoming an exciting new visitor destination and community park unlike any other in the UK, the LLDC said.

The creation of the Queen Elizabeth Olympic Park will be one of the biggest construction projects in Europe. The 18 month transformation programme will lay the foundation for further building and construction work in East London over the next 20 years.

The transformation programme will clear Games-time structures including temporary venues such as bridges, walkways and roads. It will also connect the Park to the surrounding area with new roads, and foot paths as well as complete permanent venues to be used by visitors and the public.

The Legacy Corporation said that it is working together with experienced team of construction and architecture specialists who will deliver the best quality Park whilst making sure plans are completed as quickly and efficiently as possible.

Chief Executive of the LLDC, Andrew Altman, commented that the Queen Elizabeth Olympic Park will become one of the most thriving parts of London and will help for the creation of thousands of new homes and jobs in East London.

Mr Altman said: “The transformation will take the Park from an Olympic site, to a new piece of London that’s owned and shaped by the community in and around it. Above all, the Park will create a place of practical benefit for the surrounding community – a place to take your children swimming at weekends, go to school, walk your dog or go to a festival in the summer.”

The Mayor of London, Boris Johnson, also emphasised on the importance of the Olympic site for Britain’s economic growth and future prosperity.

He said: “The fantastic new sporting venues are only one part of the unfolding legacy story. The Park will help drive the growth London needs to steer it out of recession and on to long term prosperity.”

What is your reaction to the post-Olympic work revealed by the London Legacy Development Corporation? Share with us how you might benefit from the project by leaving a comment below: 

London Greater Authority Invites Firms to Bid for Building Construction Work

In a drive to boost the housing market and accelerate the building of new properties in the capital, the Greater London Authority (GLA) is seeking developers to join a new £5 billion procurement panel which will open more work for external contractors and building developers, Construction News reported today.

From 2013 the new housing procurement panel will replace the current Homes and Communities’ Agency, the London Delivery Partner (LDP). It is going to be managed directly by the GLA, speeding up the process for building private and social houses as well as improving the development of properties in the public sector.

The new panel will recruit up to 28 building firms that employ thousands of workers in the building construction engineering sector. This could provide more employment opportunities for trade professionals.

A bidding process is currently open to any firms that are capable of delivering housing developments, raising sufficient finance and improving community facilities. Interested developers need to apply before 4th May 2012 and successful bidders will be awarded by 1st April 2013.

The scheme is expected to increase competition between contractors and improve current housing standards as well as optimise the process of marketing and selling new homes in the capital.

What’s your reaction to the £5 billion fund which will give the Greater London Authority more control over future housing developments in the capital? Share your thoughts by leaving a comment below: 

 

London Luton Airport Reveals Major Expansion Plans

London’s fastest growing airport of 2011 has unveiled expansion plans to meet the growing number of passengers over the next 10 years. The redevelopment scheme will aim to cope with growth in passenger numbers as well as create new jobs in the building construction sector.

London Luton Airport Operations Limited, the operator of London Luton Airport, has proposed three main phases for the airport’s continual redevelopment work which will take place over the next 15 years.  The construction of new facilities, major improvements to current terminal buildings and creating new aircraft stands, are some of the proposals in the airports’ ‘Master Plan’ to make Luton ‘London’s Local Airport’.

Managing Director of London Luton, Glyn Jones, believes the expansion of the airport is a key economic driver for the region and a great opportunity to make ‘low cost’ air travel more convenient for millions of people every year by flying through London Luton.

Mr Jones said: “Today we have outlined a credible and realistic plan that, if approved, will put Luton at the heart of solving the burden on point-to-point short haul operators who want to grow.”

He also said that the Mayor of London, Boris Johnson, has proposed a new hub in the Thames Estuary to deal with the increased number of passengers on medium and long haul aviation capacity in London.

Lead Officer at London Luton Airport Limited, Steve Heappey, said that they welcome any comments, questions and feedback on the proposals to grow London Luton Airport and the benefits that this will bring to Luton and the region.

What is your reaction to the proposals to expand London Luton Airport? Share with us the potential benefits from the airport’s redevelopment for you and your business by leaving a comment below: 

Westfield Regeneration Plan Approved

A £1 Billion Extension Plan for Westfield Shopping Centre in West London is set to go ahead, paving the way for building construction work – Construction Enquirer revealed today.

The scheme will build more than 1,500 homes across five buildings, ranging from 8 to 20 storeys.  Some of these will be as part of the affordable housing scheme announced by the government in November last year.

Plans for redevelopment of the 22 acre site will include new green offices, restaurants and a huge extension to the current shopping centre will include community facilities and leisure space.

The Mayor of London, Boris Johnson, is expected to rubber-stamp the scheme before building construction work can begin in 2014. Further details of the scheme will be announced later this year.

Hammersmith & Fulham Council’s cabinet member for community engagement Harry Phibbs, explained that this is a vital investment for the area which will create new jobs and encourage future economic growth.

Mr Phibbs said: “This development is bringing positive change, improvements and jobs to an area that needs revitalising.”

Duncan Bower, Director of Development and Asset Management at Westfield, said: “We are naturally very pleased with the decision by Hammersmith and Fulham Council to approve the scheme. We now await the decision of both the Mayor and the Secretary of State.”

What do you think about the extension of Westfield Shopping Centre and the building of new homes in West London? Do you think more needs to be done to encourage further economic growth? Share your thoughts by leaving a comment below: 

Mayor of London Gets £3 Billion Fund for Affordable Housing

 The government has transferred a fund of £3 billion to the Mayor of London, Boris Johnson, to build more affordable houses as well as to oversee the long term development of the Olympic Park and the surrounding areas.

The new investment will give greater power and more responsibilities to the Mayor of London’s office. Boris Johnson welcomed the decision of the government which will create thousands of new jobs and boost the building construction sector.

Mr Johnson said: “We are now in a great position to drive forward vital investment that will deliver more affordable homes across the city, secure a lasting legacy in the Olympic Park and create thousands of new jobs.”

Some 55,000 new affordable houses are expected to be built by March 2015 as well as bringing 45,000 existing homes up to standard across London.

The announcement comes as the Communities and Local Government Secretary, Eric Pickles, is preparing to hand over functions from the Homes and Communities Agency’s (HCA) to the capital and the Greater London Authority (GLA).

Mr Pickles said: “The funding will enable the Authority to support the housing programmes it will inherit from the Homes and Communities Agency, the closure of the London Development Agency, and transformation of Olympic Park  and legacy, as well as its existing functions.”

Mayor of London, Boris Johnson added that this agreement will enable for greater responsibility in housing schemes across London.

Mr Johnson said: “I will do all I can to grasp the fantastic opportunities this settlement provides and ensure that London becomes an even better place to live, work and invest in.”

What is your reaction on the Government’s investment for more affordable houses in London? Does the £3billion investment mean more employment opportunities for you/your business?  Let us know by leaving a comment on the Train4TradeSkills’ Facebook and Twitter pages:

Boris Johnson Approves a Huge Housing Boost for London

 The Mayor of London, Boris Johnson, has announced the first phase of a major housing redevelopment for the Greenwich Peninsula, South London, which will see 10, 000 homes built in the next three years.

Boris Johnson and the Communities Secretary, Eric Pickles, visited the Peninsula on Wednesday. They shared optimism about the regeneration of the area and all the benefits the project will bring to businesses and the Building Construction Industry.

Some 1,300 homes and 600 student accommodation units will be built later this year. The Building Sector is expected to benefit immensely from the project as a result of the building work which will be undertaken this year – Communities Secretary, Eric Pickles suggested.

Mr Pickles said: “Today the Mayor and I can announce we’ve unlocked this once stalled site in Greenwich that will now get workers back on site, construction back on track and help get our city building in 2012 the new homes Londoners needs.”

The Mayor of London said he is delighted for the project to be given green light. Mr Johnson said: “The transformation of Greenwich Peninsula is undoubtedly one of the most exciting development opportunities in London.”

He added: “This latest phase of regeneration will seal its future as a thriving, well-connected new district, combining vibrant new residential areas and fantastic leisure facilities.”

After detailed planning applications are submitted to Greenwich Council in April, construction work on the first phase of the project is set to begin in autumn later this year.

 

What is your reaction on the housing boost given to Greenwich Peninsula in South London? How beneficial for you or your business the project is going to be? Share your thoughts with us by commenting below:

 

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