3 April 2017
‘Crossrail 2: Catalyst for Growth in Central London’ has been published today.
Commissioned by the WPA’s Transport & Infrastructure Committee and authored by JLL, the report makes Central London’s business case for the new rail line.
The WPA supports Crossrail 2 as a major driver for London and UK growth, and calls on the Government to back this vital piece of infrastructure.
As well as relieving pressure on the transport network, Crossrail 2 will unlock land for the development for up to 200,000 homes along the line and create more than 100,000 additional jobs in Central London.
The report highlights how denser – but sensitive – mixed-use development would maximise the economic benefits provided by the railway to Central London and allow London to pay as much as possible towards its cost.
To achieve the intensification needed, the report recommends more flexibility over policies involving height and residential use in certain locations. This would help developments come forward that offer world-class placemaking, office, retail and leisure space, as well as the opportunity to improve the public realm in Central London and fund more affordable housing in Inner London.
Craig McWilliam, Vice Chairman of WPA and Chief Executive of Grosvenor Britain & Ireland, said: “Civic leaders with a placemaking vision should unleash the West End’s potential to deliver Crossrail 2. The economic case for this vital piece of infrastructure is strong, the benefits are national and the opportunity should be taken. Private sector leaders in Central London stand ready to make the case.”
The report was co-sponsored by British Land, Derwent London, Grosvenor and Land Securities. It will be launched tonight at Grosvenor’s offices with the Deputy Mayor of London for Transport, Val Shawcross.
The full press release relating to the report launch can be found here. The emerging media coverage of the report includes: