The investment proposition: With a Business Case approved to pool government-owned landholdings and early seed funding of £140m to support land acquisition and infrastructure, OPDC is looking for private sector development and investment partner(s) to create a shared masterplan and deliver the scheme.
Key facts:
OPDC is transforming the largest brownfield site in London into an inclusive, sustainable and prosperous canalside district in West London. Served by the Elizabeth Line, Great Western Mainline and the future High Speed 2 railway, the site is just a few minutes from Central London, while opening up the capital with rapid new links to established innovation zones including Birmingham Innovation Quarter, the Thames Valley corridor and Oxford.
With c.90 acres of developable land within a designated Opportunity Area, Old Oak will be home to diverse range of sectors, including knowledge and innovation; green tech; international trade and business service centres; and media and digital industries. It will be a thriving neighbourhood, where good growth and world-class opportunity, meet local living. To heat and warm homes, businesses and services in Old Oak, OPDC is delivering a first-of-its-kind District Heat Network, using low-cost, low-carbon waste heat from data centres. Kick-started with £36m from the government’s Green Heat Network Fund, the first homes are expected to be heated as early as 2027.
