5,000 new homes, new Wood Green town centre and thousands more jobs for Haringey
- For the most up to date information on the Haringey Development Vehicle please visit our dedicated HDV page.
In February Haringey will decide who will work with the council to deliver one of the country’s largest regeneration programmes, the Haringey Development Vehicle. Over 20 years it will deliver 5,000 new homes, a new town centre in Wood Green and thousands more jobs.
All of this development will be on council-owned land, which without this private investment and expertise could never deliver the new homes and new jobs.
The Haringey Development Vehicle signals a big change of approach. In the old days we’d sell off land and lose control. Our new approach means your council take a 50% share of the Haringey Development Vehicle and a private partner will take the other 50% share.
We’ve chosen this approach to manage risk by sharing it with a partner, while ensuring that profits from development would not all go into a private partner’s pocket. Instead our share of the profits will go back into public services in Haringey.
This is another example of how Haringey is leading the country. In August GCSE and A-Level results rose in Haringey as they fell across the UK. And in October the first new FE college in the UK for 20 years, Ada National College for Digital Skills, opened it’s doors in Tottenham Hale.
All of these changes from jobs to housing to skills are about a simple ambition: giving our residents the same opportunities and quality of life at least equal to the best in London.
Leader of Haringey Council