11.04.16
Network Rail join partnership to build up to 10,000 new homes near railway stations
Up to 10,000 new houses and businesses will be built near railway stations under a new agreement between Network Rail and the Homes and Communities Agency.
Local councils are being called on to take part in the scheme, which aims to contribute to regeneration of stations similar to that already seen at Birmingham New Street, Manchester Victoria and London King’s Cross.
The first proposals under the scheme are to build up to 2,500 new homes near York station, to remodel the station layout and carpark at Taunton and to redevelop land by Swindon station.
A Network Rail spokesperson said: “Network Rail has been unlocking land for development for over a decade, providing space for thousands of new homes and businesses while generating income to reinvest back into the railway.
“From huge regeneration projects like King’s Cross to dozens of smaller examples across Britain, we’ve worked closely with a range of partner organisations to support economic growth and help communities thrive.”
Network Rail are currently reviewing their entire estate to identify land to be unlocked for development.
Greg Clark MP, the communities secretary, said: “We’re determined to fire up communities and back local business so they build much needed housing and create thousands of jobs. Rail stations are a hub of communities, connectivity and commerce and should be making the most of their unique potential to attract investment and opportunities.
“With record numbers of people travelling by train, it makes sense to bring people closer to stations and develop sites that have space for thousands of new homes and offices.
“This new initiative will bring about a step change in development and ensure we go further and faster in putting these rail sites to good use.”
(Image c. Yui Mok from Press Association Images)