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Blackhorse Lane triple investment boost

The continuing regeneration and improvement of the Blackhorse Lane area has received not one, not two, but three pieces of good news recently with the announcement of investments from separate funding streams.


“The Blackhorse Lane area is a key regeneration site with perhaps the greatest potential for improvement of any part of the borough,” said Councillor Clare Coghill, Cabinet Member for Economic Growth and High Streets.


“It is situated right on the edge of the Lea Valley Park, has a strong small business base and a young population, not to mention great rail and tube connections into the city centre.”


Blackhorse Lane was identified for development some years ago, with both private developers and the Council investing in new homes, workspace, shops and cafes. In January 2012 the Council was successful in its bid for £1m of funding from the Mayor of London’s Outer London Fund for regeneration projects at Blackhorse Lane.


“Developments such as Papermill Place and the Blackhorse Workshop have already come to fruition, and the £8million project to develop London’s largest nature reserve in the shape of Walthamstow Wetlands will soon get underway,” said Cllr Coghill.


"We have also invested in expanding good and outstanding local primary schools and have redeveloped Willowfield secondary school with 50 per cent increased capacity ahead of the new homes being delivered."


The first tranche of the latest funding comes from the New Homes Bonus – a fund that rewards local authorities for providing additional homes. Waltham Forest Council was allocated £80,000 for a feasibility analysis into the establishment of a cluster of creative industry work spaces in Blackhorse Lane.


In keeping with that aspiration, Blackhorse Workshop recently successfully bid for £166,095 from the GLA’s High Street Fund (HSF). Funding from the HSF is being directed to places that have potential for growth and where there is the commitment and capacity for real, long-term change. Creative Director of Blackhorse Workshop, Harriet Warden, said, “We are absolutely delighted to be able to put our future plans into action, and it will be transformative in terms of what the project is able to do.”


Finally, and perhaps most significantly, the Council has been notified that its recent submission to the Mayor of London of a proposal to create a new Housing Zone in the Blackhorse Lane area has been successful.


Councillor Khevyn Limbajee, Cabinet Member for Housing, said, “This is great news for Waltham Forest residents looking to continue to live in the borough. It will allow us to accelerate the delivery of up to 2,500 new homes and create 1,000 new jobs. With over £200million of investment secured from developers we now have the opportunity to enhance the diverse character of this unique location.”




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