Grahame Park regeneration in line for funding boost
Published Tuesday 7 February 2012
A major regeneration scheme in Barnet is among a handful in the country to be earmarked for a financial boost from the government’s ‘Get Britain Building’ programme.
The project to transform the Grahame Park estate in Colindale is one of 18 schemes to potentially receive significant funding from the Homes and Communities Agency, and the only one in London.
The scheme, which has been identified as one of those of high ‘importance to the particular communities’, will now go forward to the next stage of assessment by the HCA.
Following that assessment the scheme could receive a slice of the agency’s £420million Get Britain Building programme fund.
Construction is currently underway on the first phase of the project, called New Hendon Village, which is being delivered by the council’s development partners, Choices for Grahame Park (part of Genesis Housing).
Once complete the regeneration will see 2,977 new homes built, along with new community facilities and a public piazza with new shops and restaurants.
The HCA funding would help speed up delivery of the scheme and go towards the building of the next 120 homes.
Barnet Council Leader, Councillor Richard Cornelius, said: “This is potentially very good news as it opens up the chance to accelerate the redevelopment of Grahame Park.
“Although we are already making some real changes there, we would like the scheme to be progressing quicker.”
Contact Press Officer: Nick Griffin