Ealing's team seeks new investment to build borough's economy

The delegation, led by Ealing Council, is represented under the banner ‘Ealing in London’. Investors and developers will be able to visit the team on the Ealing in London stand and find out more about why they should invest in the west London borough.

Lucy Taylor, director of regeneration and planning at Ealing Council, will be taking part in a round table discussion on ‘Creating Mixed Communities’ at 10am on Wednesday 15th March, outlining the council’s achievements and vision for housing in the borough.  The council’s senior team, including the leader of the council, Councillor Julian Bell, and its executive director for regeneration and housing, Pat Hayes will be working all week to increase Ealing’s profile as a great place to invest in.

Attracting inward investment to make Ealing’s economy stronger, to create new jobs and build new homes, is essential. And with the economic problems that are likely to occur if the UK leaves the EU it is now more important than ever that Ealing works to attract new investment.

Already a thriving borough, Ealing is soon set to further benefit from the creation of five new Crossrail stations that will cut journey times to just 13 minutes from Ealing to Bond Street and 12 minutes from Ealing to Heathrow. Council leader, Julian Bell, said: “We are in the very fortunate position of having five Crossrail stations in our borough. When Crossrail arrives, Ealing will be a zone 1 borough for travel times, but a suburban borough for quality of life.”

Inward investment is also helping the council to upgrade its existing housing stock and build new homes for its growing population. The council currently has a £1.1billion capital investment programme in nine of its housing estates. It also has a target to build 100 new homes on council land every year and a longer term target to build 4,500 affordable homes by 2026. Alongside this programme comes the opportunity to create more local jobs and apprenticeships. It is expected that 10,000 new jobs will be created in the borough in the next ten years.

Councillor Bell continued: “Investment and regeneration are about more than new buildings- they are about creating opportunities for everyone. When new businesses, such as Brompton Bikes, Ferrero and Joe and  Seph’s gourmet popcorn, set up shop in Ealing the whole borough benefits either through the creation of new job and apprenticeship opportunities or through the growth in business rates. Ealing welcomes new business and will be working hard to highlight the investment opportunities available and to maximise the benefit for our residents.

“MIPIM is one of the best ways to do this, because it brings all of the influential players from the international development industry together under one roof. And because of the support of our sponsors, Ealing Council is able to attend at absolutely no cost to the council tax-payer.”

Councillor Bell is travelling the 1,500km to MIPIM by bicycle. The green mode of transport being a charity cycle ride to raise thousands of pounds for children’s charity Coram.