Cockfosters Station Car Park Development Approved, Unlocking £10 Billion Investment and Hundreds of Affordable Homes

Sep 3, 2024, 09:05 AM

The long-awaited development of the Cockfosters station car park has received approval from the government and the Mayor of London, Sadiq Khan. This project, which was previously blocked by former Transport Secretary Grant Shapps, is expected to unlock hundreds of new homes and jobs across London and the South East. The total investment in the site could amount to up to £10 billion. Labour representatives, including Sadiq Khan and Transport Secretary Lou Haigh, have emphasized the importance of this development in addressing the housing crisis and criticized previous Tory ministers for blocking the project for political reasons. Members of the new Labour Yimby group have highlighted this as a symbolic act of Yimbyism and stressed the inclusion of much-needed affordable homes.