West End to receive £2.9bn ‘rebirth’ fund

selfridges oxford street corner shot oxford street & duke street (1b) ph...

London’s Oxford Street and its surrounds are set to receive £2.9bn in additional investment by the end of 2022, which will “catalyse the birth of a new West End”.

In its Oxford Street 2022: The Vibrant Future report, the New West End Company says the capital’s famous shopping district is due to receive £2.9bn in investment over the next 1,000 days.

The funding will be split between investment from new developments, as well as £150m over the next three years from Westminster City Council on public realm works in the district.

The West End is also due to be reclassified as an “international centre”, which will allow for mixed-use developments and new operators to take space alongside traditional high street retailers.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.