LB Hammersmith & Fulham has agreed to work with Earls Court landowners to bring forward a regeneration scheme for the area – West Kensington – while guaranteeing Council tenants displaced will be given new homes.
At a recent Cabinet meeting, councillors agreed to look at entering a partnership with the existing landowners on the Earls Court site – Transport for London, Capital & Counties, and the leaseholders of the Earls Court complexes. They also agreed to fund £200,000 for a transport study.
The plans are part of the Council’s 20 year plan – the Local Development Framework Core Strategy Options, which is currently out for consultation.
The Earls Court element could involve thousands of extra new homes as well as a new International Conference Centre, considerably better located for international visitors (and those from most of the UK) than current options in East London. Capital & Counties has signalled that it is likely to redevelop the exhibition centres after the London Olympics in 2012.
The Council wants to use the Capital & Counties investment to help bring major improvements to the neighbourhood including up to 2,000 homes and 5,500 new jobs in the area. This could involve the rebuilding of West Kensington and Gibbs Green estates in a phased development over the next 10-15 years.
But the Council has given “cast-iron guarantees” to council tenants on the housing estates that everyone will be offered a home in the area, and that there will be no reduction in the amount of socially rented housing. It also promises that leaseholders will receive the full compensation they are entitled to.