The Mayor of London is consulting on a technical planning document to ensure the continued success of Old Street, London’s tech centre.
The document, called City Fringe Opportunity Area Planning Framework, it examines how the planning system can maximise growth in the area and ensure there is a continuing supply of affordable workspace.
The Framework sets out provisions for affordable employment floorspace and to provide assurances that the space will be managed post construction and not converted to another use. Furthermore, it aims to set out policies that will support leisure, retail and night-time economies without compromising the character of the area
Sir Edward Lister, deputy mayor for planning, said: “The tech scene in the area around Old Street is a significant driver of London’s economic prosperity with companies setting up in their droves to be a part of the tremendous mix of cost-effective office space and the vibrant multicultural social scene.
“These detailed planning polices will help to ensure that the sector can continue to flourish in its traditional heartland for many years to come.”
