A PIONEERING APPROACH TO REGENERATION, LED AND CONTROLLED BY ENFIELD COUNCIL TO BENEFIT RESIDENTS
Enfield Council’s approach is unlike that for any other London regeneration site - taking active control from buying land, preparing designs, delivering Meridian Works, to overseeing infrastructure investment and directing the retail strategy - ensuring maximum benefits for existing and new residents and ratepayers.
Enfield Council has secured a borrowing facility and will directly invest funds over the life of the project that will generate a return for the Council and local community, while ensuring a controlling position to oversee the regeneration.
In March 2015 Enfield Council completed the acquisition of the former National Grid sites at Willoughby Lane, capable of supporting 2,500 homes. Together with other site purchases, the Council now controls 55 acres of land across the site, a critical factor in successfully attracting private sector investment into the regeneration.
Read our Thought Leadership piece from Peter George, Assistant Director for Regeneration and Planning on Enfield Council’s pioneering approach to this project.