Tricky times for a Mayoral Development Corporation?
- The Old Oak and Park Royal Development Corporation (OPDC) is in a “challenging” situation.
- It has received an “in principle” agreement for £250 million from the Housing Infrastructure Fund (HIF), with several conditions attached.
- The key condition is for an agreed Local Plan which is not expected until late this year or early next year.
- The delay in receiving the HIF money will result in the OPDC requiring additional funding from the Greater London Authority (GLA).
- Approval of the Local Plan is required for the OPDC to move forward.
- The Local Plan is being challenged by Car Giant, a major landowner in the area.
- The impact of the Local Plan failing to get approval is seen as ‘not terminal’ but will result in a delay to the project.
Tomorrow, the London Assembly will consider the OPDC’s contribution to the Mayor’s housing and regeneration agenda. The guests are:
- Liz Peace OBE, Chair, OPDC
- David Lunts, Interim Chief Executive Officer, OPDC
Following this, Assembly Members will submit on various topics.
The meeting will take place on Thursday, 4 July from 10:00am in The Chamber at City Hall (The Queen’s Walk, London SE1).
Media and members of the public are invited to attend
The meeting can also be viewed LIVE via or
Follow us and take part in the meeting discussion using #OPDC
Notes to editors
- As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.
For media enquiries, please contact Alison Bell on 020 7983 4228. For out of hours media enquiries, call 020 7983 4000 and ask for the London Assembly duty press officer. Non-media enquiries should be directed to the Public Liaison Unit on 020 7983 4100.