Regeneration scheme to deliver thousands of new properties and jobs

Regeneration scheme to deliver thousands of new properties and jobsA massive programme of development of railway stations and surrounding land will deliver thousands of new homes and jobs that will boost local growth.

The agreement between Network Rail and the Homes and Communities Agency will see them working with local councils to kick-start development opportunities across England’s railway stations for housing and businesses.

The ambitious initiative could deliver up to 10,000 new properties on sites around stations in the coming years.

Government wants to hear from at least 20 local authorities to take the scheme forward.

Drawing on the example set by the transformation of Birmingham New Street, Manchester Victoria and London Kings Cross, government will bring together high-calibre technical expertise and local knowledge to increase development opportunities that exist throughout the entire rail estate.

Communities Secretary Greg Clark said: “We’re determined to fire up communities and back local business so they build much needed housing and create thousands of jobs.

Rail stations are a hub of communities, connectivity and commerce and should be making the most of their unique potential to attract investment and opportunities.

With record numbers of people travelling by train, it makes sense to bring people closer to stations and develop sites that have space for thousands of new homes and offices.”

Transport Secretary Patrick McLoughlin said: “As a one nation government we are determined to ensure further opportunities are grasped to put stations at the heart of wider community regeneration.

This will help deliver thousands of new homes and jobs and deliver a substantial return to the taxpayer.”

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