Enfield’s £1.5 billion mixed-use development, Meridian Water, has been identified by the mayor as one of 20 ‘housing zones’ in London, as part of measures to curb the capital’s housing shortage.
Mayor of London Boris Johnson and chancellor of the exchequer, George Osborne, visited the site last week, where they announced that the government plans to build 50,000 new homes on brownfield sites.
The new housing zone measures would see local authorities identify sites for residential development. All planning restrictions would then lifted to help accelerate housebuilding.
Loans will be made available to the local authority for all necessary remedial work at the site.
Meridian Water will be an 85-ha, mixed-use, waterfront community, which will provide up to 5,000 homes, three new schools and community facilities, a new high street causeway, diverse parklands and up to 3,000 homes.
Leader of Enfield Council, Councilllor Doug Taylor, said: “Meridian Water is an opportunity for the whole of London and Enfield Council is working tirelessly to increase employment, investment and opportunity to improve the quality of life of residents and we are looking to the Mayor of London and the Chancellor of the Exchequer to join with us and back our ambitious plans to harness the enormous benefits Meridian Water will bring to Enfield, London and south east.”
Johnson said: “Housing is the biggest challenge facing London’s economic development and these new £400 million housing zones will turbo boost housing supply across the capital.
“This major regeneration will transform communities and provide up to 50,000 much needed homes. They will support 250,000 Londoners into low cost home ownership over the next decade. ”
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