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£90m development means jobs, homes and money for schools

The Planning Committee of Waltham Forest Council has approved a development in Walthamstow that will see a new Morrisons supermarket, new flats and the creation of around 450 new jobs in the borough.

Chris Robbins, Leader of Waltham Forest Council, said, “This £90million investment is a really significant step forward for the regeneration of the borough, bringing a brand new Morrisons food store to the heart of Walthamstow along with a number of other shops and 245 new homes.

“Most significantly of all this will create around 450 new jobs that we will do our best to make sure local people are best placed to get. It’s this impact, and the significant contribution that the developers will be making towards environmental improvements, schools and health that will make a really positive contribution to local people and the borough as a whole.”

The money from the developer, known as Section 106 payments, is likely to run into millions of pounds. Around 300 of the new jobs will be within the new supermarket and it is anticipated that up to three-quarters of the jobs will go to local people.

The development will be built on the site of the 1.5 hectare car park in South Grove, close to the High Street, and the superstore will cover 73,500 square feet gross and include a car park on the ground floor. There will also be three non-food retail units.

“We understand that these sorts of large developments can cause some concern,” said Cllr Robbins. “But I believe this will have a really positive impact on the local economy, with Morrisons complementing what is already on offer to shoppers in the centre of Walthamstow.

“What isn’t in doubt is the value of this development in terms of the investment in our schools and health facilities, the much needed new homes, and the employment that will be made available to local people who are currently in search of work.”

Andrew Cooper, Development Executive at Morrisons, said, “We are delighted with this decision which is an important step in the planning process and we look forward to continuing to work with Waltham Forest Council and other stakeholders to deliver this exciting scheme.”

The development still needs to be approved by the Mayor of London because of the scale of the scheme and full details of the Section 106 agreement also need to be decided upon.

Last month at an event called ‘Creating a Better Place 2014-18’ the Leader of the Council outlined to an audience of businesses and developers how future investment in Waltham Forest was expected to increase from £160million secured this year to over £700million in the coming years up to 2018.

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