Oxford Street Transformation
Find out about proposed plans to make Oxford Street a global destination for shopping, leisure and events.
Oxford Street has faced significant challenges in recent years due to the impact of the pandemic, the rise of online shopping, and other long-term changes in retail habits. That’s why the Mayor is taking action to give the UK’s most iconic high street a new lease of life.
On the 1 January, 2026 the Oxford Street Development Corporation (OSDC)was established. The OSDC will lead the transformation of Oxford Street and will drive economic growth for London by providing the strategic focus, leadership and the long-term planning the street urgently needs.
The 2025 consultation
From 28 February to 2 May 2025, the Mayor of London ran an extensive public consultation on the proposal to establish a new Mayoral Development Corporation (MDC) for Oxford Street.
The consultation received over 6,000 responses. Of those who expressed a view, almost 70 per cent of Londoners showed support for the creation of an MDC. Two-thirds were in favour of pedestrianisation of the road specifically.
Following the consultation, the Mayor asked the UK Government to establish an MDC for Oxford Street, the OSDC. Who will lead the transformation of the Oxford Street Mayoral Development Area (MDA).
Oxford Street Transformation consultation report
Oxford Street Mayoral Designation
Oxford Street MDA boundary map
Next steps
The OSDC has a start-up team in place and CEO, Nabeel Khan has been appointed. Recruitment for the OSDC is continuing at pace.
The OSDC held its first board meeting in January 2026.
The Mayor has asked Transport for London (TfL) to develop proposals to pedestrianise Oxford Street, transforming it into a vibrant, green and world-class destination for Londoners and visitors alike. The consultation on these detailed highways and traffic design proposals has now closed and the report will be published later this year.
Latest news
The newly formed Oxford Street Development Corporation (OSDC) will drive the regeneration of Oxford Street and unlock its true potential.
Offering the Government’s support, the Deputy Prime Minister attended a launch event on Oxford Street, alongside the Mayor.
The Mayor’s landmark traffic-free "This is Oxford Street" event delivered a significant boost to the local economy. View the event report (PDF, 620 KB).
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