DD1220 Growing Places Fund - Hackney Wick Station Improvements

Type of decision: 
Director's decision
Date signed: 
23 July 2014
Decision by: 
Fiona Fletcher-Smith, Executive Director of Development, Enterprise and Environment

Executive summary

Further to endorsement from the London Enterprise Panel (LEP) and approval of Stage 1 and Stage 2 by the Investment and Performance Board, this DD seeks approval for the GLA to provide grant funding of £8.5m to the London Legacy Development Corporation to deliver improvements to Hackney Wick station which will improve legibility, linkages and walking times between the station and surrounding development.

The finance is to be drawn from the Growing Places Fund (GPF) in 2014/15 (£1.75m) and 2015/16 (£6.75m) and will be repaid over the period 2016-17 to 2023-24 as part of the London Legacy Development Corporation’s Ten Year Business Plan.

Part 1: Non-confidential facts and advice