05 Dec 2013, 3:10 pm
The Government announced in the National Infrastructure Plan 2013 (152-page / 1MB PDF), which was published yesterday, that it would support the London Legacy Development Corporation and the Mayor of London in developing their plans for the Olympic Park, including plans for a cultural and higher education quarter in partnership with V&A and UCL.
The ‘Olympicopolis’ project will be located between the Olympic Stadium and Stratford Station adjacent to the waterfront. The plans are expected to generate an extra 10,000 jobs in the Park and an extra £5.2 billion of economic value from the area according to the Greater London Authority.
"The idea behind Olympicopolis is simple and draws on the extraordinary foresight of our Victorian ancestors," said Mayor of London Boris Johnson in a statement. "We want to use Queen Elizabeth Olympic Park as a catalyst for the industries and technologies in which London now leads the world in order to create thousands of new jobs."
"In the clearest possible signal of intent I’m delighted the Chancellor has today added his support to our ambitious plans for growth. That support, added to the commitment from UCL and V&A - two of London's finest global institutions - to anchor the Olympicopolis development, is a massive step forward in its delivery,” Johnson said.
