Newham Council and UCL
to take forward £1billion scheme to regenerate
A £1billion scheme set to
develop a new UCL university quarter, create an estimated 3,300
additional jobs and add an extra £150m per year to the borough's
local economy was agreed by the Mayor and cabinet of Newham tonight
(Thursday 25 October).
The decision means the Council will now enter into
detailed negotiations with University College London (UCL)
regarding the proposed redevelopment of the
Greater Carpenters Neighbourhood, a 23 acre site in
UCL's proposals and vision for the site include academic and
research facilities and new residential accommodation for students
(undergraduate and postgraduate), UCL staff and others. The
university quarter would include activities in Engineering,
Population Health Sciences and Built Environment, as well as
improved public realm and landscaping of the area.
The proposed development would also provide world class
architecture, public spaces and an academic gateway to the Olympic
Park complementing the existing higher education offer in
The long term regeneration benefits of the project include steady
increases in educational achievement and aspiration, improved
health and wellbeing outcomes, enhanced cultural facilities and
increased opportunities for residents.
This development would play a major part in delivering real
improvements in the quality of life for Newham's residents and
opening up opportunities for future generations.
In keeping with local, regional and national government objectives
in the delivery of major new infrastructure projects (including
education), UCL has committed to working with educational, business
and community partners to create and support further growth in
jobs, businesses and regeneration in Newham.
With Siemens recently opening a £35m sustainability hub in the
borough, it is hoped that the co-location of one of the world's
leading universities to Newham will bring investment from national
and international businesses and partners in Stratford and the
Royal Docks Enterprise Zone.
The council's decision is in line with the Stratford Metropolitan
Masterplan agreed in 2010 following substantial consultation with
local people. The plan outlined the council's ambition for the
area, offering new opportunities for Newham residents including new
jobs, homes, schools, shops, leisure facilities and local services,
with better walking routes and transport connections.
The Greater Carpenters Neighbourhood is in need of significant
regeneration and some residents have chosen to move out, supported
by the council. A successful rehousing programme began in 2005 to
allow residents on the estate to move to suitable alternative
accommodation of their choice. The council will continue to work
with residents living on the estate to make personalised offers for
rehousing based on what their individual needs are.
Out of the original 705 homes on the estate, 318 homes remain
occupied, comprising of 156 council homes, 66 leasehold homes and
96 freehold homes.
A refurbishment programme would not have been affordable
(refurbishing Lund and Dennison Points alone would cost £50million)
and would not have secured the regeneration of the whole estate,
resulting in some leaseholders each receiving bills running into
six figures. Refurbishing the three tower blocks on the estate
alone would have cost an estimated £75m.
A Residents Charter is in place for the whole estate and outlines
the housing options for tenants, leaseholders and freeholders. The
council and UCL will consult with residents on the drafting and
development of a masterplan in 2013.
Sir Robin Wales, Mayor of Newham said "This is a fantastic
opportunity for Newham residents and I am looking forward to
working with UCL to ensure our joint vision is realised. This
decision supports our vision to transform the Greater Carpenters
Neighbourhood into a high quality educational, commercial and
residential quarter benefiting Stratford and the rest of the
"It will also act as a catalyst for further investment. High
calibre businesses such as Siemens have recently recognised the
potential within Newham and are investing in the area and working
with our partners including UEL and Birkbeck, a new academic
quarter will play a valuable role in the ongoing regeneration of
the wider borough.
"This important scheme will also inspire our youngsters to look at
what prospects are available to them as well as creating fantastic
long term economic benefits for residents and creating jobs and
opportunities for years to come."
John Burton, Chair of Stratford Renaissance Partnership, and
Director of Development at Westfield said:
"We are delighted that UCL plans to establish its new university
campus in Stratford. This announcement demonstrates that
Stratford's regeneration is accelerating - with over 10,000 new
jobs already and many thousands more set to come with UCL Stratford
and further development both in the Queen Elizabeth Olympic Park
and Stratford town centre. We are seeing an astonishing
transformation take place, and bringing one of the world's top
universities to Stratford will only strengthen its offer as one of
the best connected and exciting development areas anywhere in