Elstree Way Corridor For Housing Development?
2 February 2015, 06:43 | Updated: 2 February 2015, 06:45
The Elstree Way Corridor's been shortlisted for potential 'housing zone' funding.
The Elstree Way Corridor (EWC) is among 29 areas outside London to be shortlisted, following a bid to the government to become a 'housing zone'.
The final successful 10 schemes would see central government supporting the housing zones by a total of £200m by making loans available to local authorities for necessary infrastructure and other remedial work, enabling faster and more co-ordinated development.
The EWC is known as the gateway into Borehamwood town centre and runs from the A1(M), along Elstree Way, up to the Tesco roundabout. Its Area Action Plan is currently under consideration by the Secretary of State after an independent examination last October.
The government's housing zones scheme aims to encourage the redevelopment of brownfield sites in order to meet the need to increase housing supply.
Councillor Harvey Cohen, Portfolio Holder for Planning and Localism, said: "We are pleased to see the EWC shortlisted as a potential housing zone which could help us deliver the infrastructure we require for our plans for the area more quickly. Our plans aim to not only ensure that we continue to deliver new, good quality homes for the area and meet our housing targets stipulated by the government, but also to guide redevelopment and regeneration for the benefit of residents and local businesses."
A decision on the successful schemes is expected in early March.