Approval for £8bn London Development to Create New Jobs

An ambitious £8 billion redevelopment plan for Earls Court and the Kensington Opportunity Area in West London is set to pave the way for thousands of jobs in the trades.

The London Borough of Hammersmith and Fulham has today granted planning permission to Capital and Counties Properties to develop a new urban district including 7,500 new homes across four residential districts.

The Council have estimated that more than £1 billion worth of community benefits will be generated in the local area, creating 9,500 permanent jobs.  It will also include 760 replacement council homes.

The scheme will also include the building of 1,500 affordable homes, offices, educational, cultural and community facilities as well as a new five acre green park.

Residents living on the estates would be offered the chance to build new skills in preparation for the thousands of employment opportunities which will be created.

Leader of Hammersmith and Fulham Council, Cllr Nicholas Botterill, said: “This major regeneration could lead the way in lifting the country out of recession – ploughing hundreds of millions of pounds worth of investment into London’s economy and bringing thousands of new homes and jobs.

Ian Hawksworth, Chief Executive of Capco welcomed the Council’s decision to grant a planning consent for the Earls Court Masterplan which work is expected to start next year.

He said: “The proposed scheme will offer a multi-billion pound investment in both London and the local community creating thousands of new homes and jobs.”