Over £4bn worth of investment will create 3m ft² of new office, commercial and residential space in Victoria in the next decade.
The scale and calibre of this development is unprecedented in the history of Victoria and central London. The 110-acre footprint of the Victoria BID has been at the heart of this transformation over the past four years with cutting-edge innovative projects.
We published The Victoria Vibrancy Report 2014 establishing a baseline from which to track the area’s transformation. London Victoria Station is the second most busy transport hub in London. The £700m upgrade of Victoria Underground, due for completion in 2018 will increase capacity by up to 50%.
Key to these improvements is creating a public realm that allows everyone to move seamlessly about the area. Improving the public realm is at the forefront of what Victoria BID businesses say they want for the future. In the recent Perception Survey (July 2014), 73% of levy paying respondents told the Victoria BID that they want more green spaces to enjoy, walk in and sit in. The Victoria BID has recently published a Public Realm Vision for Victoria based on commissioned independent public realm research by specialist public realm consultants Publica.
Keeping businesses informed and updated on built environment developments is part of our remit. We will ensure they know what developments are underway, what the final result will look like, and how this contributes to a cohesive vision for the area.
We facilitate the Victoria Strategic Developer Group that comprises developers and organisations including Transport for London (TfL), Westminster City Council, Network Rail and London Underground who meet together to share progress on local projects and discuss planning topics. Our aim is to encourage a coordinated way of working and to foster a joined-up approach to placemaking.
We also monitor wider urban regeneration issues for Victoria to maximise opportunities for investment and economic growth by ensuring Victoria remains open for business throughout redevelopment.Top
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