Enfield Council has signed an £80 million deal with the European Investment Bank to help deliver regeneration in the borough.
The funding provided by the bank will help deliver developments such as Meridian Water, which has been shortlisted for allocation as a Housing Zone – a government and Greater London Authority initiative to select areas to speed up housebuilding. Several smaller housing sites will also benefit from the funding, as well as the Lee Valley Heat Network company, which will supply heat and hot water to homes at Meridian Water, the Ladderswood and Alma estates and New Avenue. It will also be used for Enfield's schools expansion programme.
News of the investment was announced at an event at the Gherkin building in central London on 14 May.
Leader of Enfield Council, Councillor Doug Taylor, said: "This investment will help us to deliver massive improvements in Enfield and drive the regeneration of north London as a whole, helping to create thousands of homes and jobs in the borough.
“Enfield Council now has the opportunity to draw down on £80 million to improve Enfield’s economy, local environment and communities. It demonstrates strong investor confidence in Enfield’s regeneration plans.”
Opportunity Enfield publisher, 3Fox International, managed the attendee list for the event, attracting large scale developers such as British Land and Berkeley Homes. Nearly 130 delegates registered, with only 10 people unable to attend on the day – one of the lowest ever drop-out rates for the company's events.
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