Newham set to approve controversial £1bn scheme
A London council is set to plough ahead with a controversial £1 billion regeneration scheme that could result in the demolition of a 705-home estate.
Planners have recommended the mayor of Newham and councillors agree to University College London’s plans for the redevelopment of the Carpenters estate.
A report for the cabinet meeting tomorrow asks for an ‘in principle agreement’, although it also notes £5.5 million of funding agreed in July will not be enough to cover buy-backs and decants of homes on the estate.
The report states: ‘Officers are satisfied that the UCL vision has the potential to deliver long-term regeneration benefits for residents of Stratford and the wider borough in education, employment, training, housing and well-being improvements for the borough’s residents.’
Residents packed a meeting towards the end of last month to demand UCL pulls out of the plan, concerned the university will demolish the entire estate.
They are also worried there is no guarantee that they will be able to return to the estate once it has been redeveloped.
There are currently 705 homes on the estate, of which 318 are occupied – 156 council homes, 66 leasehold homes and 96 freehold homes.
UCL has said that 20 per cent of the 23-acre scheme will include ‘non-UCL uses, including residential’. But it has not said how many residential units would be created, or how many of those would be affordable. The council report says it would allow about 500,000 square feet of land for non-UCL residential properties.
Newham Council has been looking at regenerating the Carpenters estate since 2000, and residents began leaving after a cabinet decision in 2009 to start decanting tenants.
A further report on the collaboration between Newham Council and UCL, giving the commercial terms for land transaction, will be presented to the cabinet on 13 December.