An agreement which will provide Enfield Council with £170 million in funding to deliver infrastructure to unlock the £6 billion Meridian Water Project has been signed by the Council and the Government.
Enfield Council has already secured planning permission for the works and approved a framework contract with three major contractors to deliver the works, which will provide parks, rail and road infrastructure. Along with these, there will also be cycle links, bridges, flood alleviation and utilities. Work is set to start n the site by Autumn 2021, with completion set for 2024.
The Council was announced as one of the recipients of Housing Infrastructure Fund (HIF) from the Ministry for Housing, Communities and Local Government (MHCLG) in August 2019. The HIF is a Government capital grant programme and is designed to unlock housing sites as well as helping to deliver new homes.
Meridian Water will provide 10,000 homes and 6,000 jobs when complete and will play a major role in tackling the housing crisis in Enfield. The homes will be marketed predominantly to local residents and the Council has repeatedly promised that local people will be the primary beneficiaries of the project.
The Leader of Enfield Council, Cllr Nesil Caliskan, said: “This is a vital stage in the delivery of Meridian Water and I am delighted that we are on the cusp of appointing partners to deliver the key infrastructure the transformational and ambitious Meridian Water project needs to be a success.
“All of our partners have demonstrated they possess the drive and excellence to help us make this project a success and this latest announcement marks a further step towards the creation of a special development in our borough.”
Minister of State for Housing Christopher Pincher said: “This Government is delivering the well-designed, quality homes our country needs and unlocking home ownership for a new generation. In order to build more homes, we need to provide the infrastructure and public services to match.
“Our £170m of grant funding for Enfield Council will help transform the Meridian Water site into 10,000 new homes, and ensure these homes are served by the cycle links, roads, and utilities needed to create a new thriving community in North London.”
If you would like to read more like this, then please click here