Posts tagged London Mayor

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.

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.”

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.

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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