OPDC wins £250m HIF grant

Old Oak and Park Royal Development Corporation has been awarded £250m from the Housing Infrastructure Fund to kick-start its £26bn west London regeneration project. The investment will be used to assemble land, design and build roads and utilities infrastructure, enabling development of homes and business space, starting at Old Oak North. It is the first chunk of the 1,600-acre site at Old Oak and Park Royal, which the OPDC hopes will deliver 25,000 homes in total. The GLA approved £2.3m in emergency funding for the OPDC in December 2018 to support the HIF bid and enable OPDC operations to continue