Leader of Barnet Council, Councillor Richard Cornelius, welcomed the support of the Chancellor of the Exchequer to two Barnet regeneration projects when he visited last week.
The Chancellor, George Osborne, visited Brent Cross Shopping Centre and viewed the wider Brent Cross Cricklewood regeneration site.
He then went on to visit representatives of the community in Grahame Park and to hear about the plans to demolish the main concourse block on the estate, and visited Phase 1b of the new housing development.
Cllr Cornelius said: “He was fully supportive of the new Thameslink station at Cricklewood and was keen to see the concourse block come down at Grahame Park. With his support we can complete the transformation of the estate.”
Peter Cole, Hammerson Chief Investment Officer, said: “Brent Cross Cricklewood is a major regeneration opportunity for London and we are pleased that this is recognised and supported by central Government.
“The local area and wider region will see significant benefits from our investment with substantial employment opportunities, improved transport infrastructure, new homes, schools, retail, offices and parks.”
Neil Hadden, Chief Executive of Genesis Housing Group, said: “We were delighted to welcome the Chancellor on site to showcase the transformation that’s already underway at one of the largest housing-led regeneration projects in England thanks to the partnership between Genesis, Barnet Council and Countryside Properties PLC.
“The regeneration funding announced in this year’s Budget is a welcome boost which will help to build on the real and lasting change that’s already being delivered at Grahame Park.
“It will significantly speed up the demolition of the central concourse so that we can start building high quality homes that best meet the needs of our residents and add real value to the area.”