A recent report highlights the anticipated £10 billion economic boost of the new transport super hub at Old Oak Common, where HS2 and the Elizabeth Line will intersect. This project is set to revitalize West London by providing 22,000 new homes, including 7,774 affordable units, and creating approximately 19,000 jobs. Since HS2 was approved in 2017, planning applications have surged by 22%, with a total value of £3.41 billion over the period, indicating significant urban regeneration in the area.
"In all, it shows that the volume and value of investment and regeneration projects close to Old Oak Common has grown comparatively quicker since 2017 compared to the seven years previously..."
"The report estimates that planning applications have increased by 22 percent since Royal Assent was granted for HS2 in 2017, indicating a robust growth in local development."
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