Growth Strategy For Euston
The Growth Strategy for Euston identified how to unlock funding for the comprehensive redevelopment of Euston station if HS2 went ahead. The High Speed 2 (London – West Midlands) Act 2017 Bill has now been passed, and is now an Act, giving the Government permission to build the railway.
The Growth Strategy is a key part of delivering the wider objectives of the Euston Area Plan.
The Growth Strategy was developed by Camden Council, the Greater London Authority, Transport for London and Network Rail, and agreed in November 2015 under the guidance of the Euston Strategic Board and the Euston Management Board (formerly Euston Integration Board).
The Growth Strategy demonstrates that a comprehensive approach to the redevelopment of Euston could deliver:
- More than 16,000 jobs
- Over 2,200 homes
- Major regeneration benefits to this important part of central London
- A potential development value of circa £3bn
- Annual additional GVA to the UK economy of £1.1 billon
- £1.3 billion in fiscal receipts.