The Mayor of London, Sadiq Khan, has announced the latest schemes to receive funding from Transport for London’s (TfL’s) Growth Fund, including one in Colindale.
The latest funding, which totals around £24m, will help accelerate the delivery of a range of important transport improvements across the capital, helping to unlock homes, jobs and growth.
The plan to deliver a new station building at Colindale will be funded. The scheme will deliver a new station building with step-free access and new pedestrian and cycle links – helping to support around 10,000 new homes, 1,000 jobs and the wider regeneration of the area.
Also funded were schemes in Walthamstow, Elmers End, and Ilford.
TfL is now working with the local councils, property developers and stakeholders to finalise the funding packages for the scheme, with a hope that work can begin later in 2018.
The Mayor and TfL expanded the Growth Fund to £550m in December 2016 to allow more schemes to be brought forward. By providing funding to schemes through the fund, the Mayor and TfL can help leverage additional funding from developers and third parties to help unlock complex transport schemes and provide improved services at less well connected sites that might otherwise not see investment.
More than 15 schemes have been supported by the Growth Fund so far, including new stations in Tottenham Hale and White Hart Lane, as well as road and public realm schemes in Wandsworth and the new Barking Riverside London Overground Extension, which will be delivered by next summer.
Mayor of London, Sadiq Khan, said: “I’m delighted to be announcing the next four schemes that will benefit from our Growth Fund – millions of pounds of investment that will directly improve people’s daily experience on our public transport network and unlock vital new housing and jobs. As London’s population grows, it is essential we continue to build world-class infrastructure like new Tube stations across the capital, but also target improvements in a way that can help deliver the new homes Londoners desperately need.”
Alex Williams, Director of City Planning at TfL, said: “Good transport links are vital to supporting growth in a city. Our Growth Fund is helping to unlock transport schemes which might not have been funded, helping to create more homes and jobs across London. By promoting ‘good growth’ across London, we can help the capital continue to prosper while providing new transport options for Londoners.”
The Leader of Barnet Council, Councillor Richard Cornelius, said: “We’re pleased to be working with TfL to deliver a new and improved station in Colindale. The completed works will improve the lives of many Colindale commuters, as well as being an attractive new public building for the local area.”
TfL is now reviewing a range of other schemes from across London to see whether they would be suitable for part-funding from the remaining £80m and hopes to be able to confirm these later this year.