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Written question asked by Alex Mayer (Labour) on Tuesday, 12 November 2024, in the House of Commons. It was due for an answer on Thursday, 14 November 2024. It was answered by Matthew Pennycook (Labour) on Monday, 2 December 2024 on behalf of the Ministry of Housing, Communities and Local Government.

High Speed 2 Line: Construction

Question

To ask the Secretary of State for Housing, Communities and Local Government, what estimate she has made of the amount of private finance required to deliver the HS2 Euston quarter development.

Answer

The Department for Transport is responsible for delivering tunnelling for HS2 to Euston, as well as developing a much-improved station site.

To support the delivery of a significant number of homes alongside this project, MHCLG has established the Euston Housing Delivery Group. As outlined in the Written Ministerial Statement made on 31 October 2024 (HCWS182), the Delivery Group will be chaired by Bek Seeley and will be made up of industry experts in urban design, architecture, affordable housing delivery and the financing of large-scale projects.

Identifying the infrastructure, services, and green space required for the area, as well as the private finance needed to deliver the scheme, is a core objective for the group in the coming months. It will be for the delivery group to determine and advise on the quantum of private finance required to deliver wider regeneration around Euston.

We will continue to update Parliament on the work of the Delivery Group.

Secondary information

Type
Written question
Reference
13899
Session
2024-26
Related items
Housing and Regeneration in London
Thursday, 31 October 2024
Written statements
House of Commons
Transferred
Yes
Subjects
Construction Investment Private sector High Speed 2 line
Contains statistics
Yes
Link
View this Written question on www.parliament.uk