The opening of the HS2 station at Old Oak Common is expected to significantly boost the local economy by £10 billion within ten years, as revealed by a report from HS2. The area, likened to Stratford without the Olympics, is witnessing a surge in planning applications, rising by 22% since 2017. Notably, the value of projects has tripled, largely due to densification and an emphasis on larger developments. The construction is projected to yield over 22,000 new homes and nearly 19,000 jobs, demonstrating a strong investment and regeneration trend in West London.
The promise of the new station had "galvanised investors, boosting confidence in the positive legacy high speed rail will create locally."
The area has been previously described as west London's equivalent of Stratford, minus the Olympics, where a large transport hub drives regeneration.
Planning applications in the 1.5-mile radius around the station site have increased by 22% since Royal Assent for HS2 was granted.
HS2 will support the generation of over 22,000 new homes and almost 19,000 new jobs in the local area.
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