Opportunity: Investment

Type: Office, Light industrial, Commercial, Residential

Sectors: Finance and professional, Business services, Creative, Digital, Technology, Research and Development, Residential

The land around Watford Junction station is one of the last major rail lands around London still to be redeveloped. There is an opportunity to deliver 3,500 new homes on brownfield land next to a major public transport hub, to create a new urban quarter with a full mix of uses. This is envisaged within Council’s new draft Local Plan as Watford Gateway, a strategic development area and extension of Watford town centre.

In 2019, the Council granted planning permission to Berkeley Homes for a 1,200 home scheme in a flatted development and including a new school on the edge of Watford Gateway. This has now commenced construction and sets a new precedence of quality and density of development in proximity to the station.

The Council is working with Network Rail, other public sector partners and adjoining land owners to promote redevelopment of the wider rail lands and to enhance the capacity and functionality of Watford Junction station.

The Council has recently invested £4.8m in the quality of the environment along Clarendon Road, which links Watford town centre to the station (and Watford rail lands) and represents the town centre business district for Watford. This is expected to leverage in over £100m of private sector investment along the road with land plots already commencing construction and several more planning applications in the pipeline.

“Watford deserves a station fit for the 21st century and our plans will deliver this.  We must make sure we have the right infrastructure in place for our town to grow and upgrading our main station, delivering a new bus interchange and better pedestrian routes across the town are critical to get right before we start development. At the same time we are transforming what is, overall, a run down and under used site into a vibrant hub for people to live and work.

Peter Taylor – Elected Mayor of Watford

Is your #Watford business a shining example of a brilliant business? If so, show us how fabulous you are! Apply now for the Watford Business of the Year Award. https://tinyurl.com/r8ffe4aj

#SMEHerts #WatfordChamber #WatfordBID #WentaWatford

A shout out to #Watford companies. What do you need to help boost your business in these challenging times? Get your voice heard. Take part in the #Watford business survey now. https://www.surveymonkey.co.uk/r/Business-2022

Calling #Watford businesses. What are your challenges? Higher costs? Skills? Funding? Watford Borough Council’s new business survey is out now. Have your say to help the council access support for businesses and the local economy. https://www.surveymonkey.co.uk/r/Business-2022

Sign up to our newsletter