Our objective is to create a prestigious world class destination for business, anchored by a rejuvenated Battersea Power Station and the new US Embassy. A major new town centre development at the former power station will provide the focus for much of the economic activity and New Covent Garden Market will be re-configured to provide better facilities for its 200 existing businesses. The revamped market will include a public facing ‘Garden Heart’, the setting for a bustling new food quarter. Vauxhall will be re-vitalised creating a refreshed town centre focus for the area. Creative, cultural and leisure developments will line the river frontage – extending the vitality of the South Bank all the way to Battersea Park.
More than £1billion of new infrastructure is planned to help unlock the enormous economic potential of this Central London riverside district. The package includes two Tube stations as well as riverbus piers, new schools, a bridge across the Thames to Westminster, health facilities and vast areas of new public realm. The result will be a modern, accessible and business-friendly environment with the creation of more than half a million sq m of new business space to suite a range of sectors, right in the heart of the city.
As a new commercial hub takes shape the area’s existing business community will benefit from a wealth of growth opportunities. Transport links to The City, West End and other employment centres will be vastly improved, the local population will grow by more than 30,000 residents, visitor footfall will increase and opportunities to supply the multi-billion pound construction programme will be targeted specifically at local firms.
Vauxhall’s established business community is already playing a central role in the area’s development having established the ‘Vauxhall One’ Business Improvement District. The group’s plans include a major regeneration of the area’s railway arches to form attractive places of interest.
Nine Elms on the South Bank is already home to thousands of established employers – from independent shops and cafes, to the M16 headquarters and Macmillan Cancer Support Head Office. It includes the country’s biggest wholesale fresh produce market, the small enterprise cluster at Stewarts Road and Vauxhall’s thriving evening and night-time economy.
As the development programme gathers pace the Vauxhall Nine Elms Partnership will work closely with the business community to minimise disruption and maximise the use of local suppliers. A programme of seminars and events is now underway – delivered in partnership with Vauxhall One and the Wandsworth Chamber of Commerce – to ensure existing businesses are aware of supplier opportunities and have the skills required for competitive tendering.