Battersea Power Station Development

Battersea Power Station is one of central London's largest, most visionary and eagerly anticipated new town centres in which roughly half the development will comprise shops, restaurants and office space. In addition, there will be a six-acre public park, a town square and a new tube station (scheduled to be within Zone 1). The Battersea Power Station project covers 42 acres and includes 3.5m sq ft of mixed commercial space, together with 4,364 new homes. The successful regeneration of Battersea Power Station will create 20,000 new jobs, inject £20bn into the UK economy and create a funding mechanism for the first major tube line extension since the Millennium. A new NHS medical facility is also being built. The Battersea Power Station Foundation supports local charities and community projects. Over £3.3m has been awarded since it launched in 2016; on average, £207,000 is granted per month and the largest grant awarded was to Battersea Arts Centre for £305,000. Circus West Village is the neighbourhood centre for the first part of the development. It opened to the public in Spring 2017 and since then over 700,000 people have visited to enjoy the ongoing programme of events and the new shops and restaurants. Residents started to move in to Circus West early in 2017 and continue to do so. The Village Hall, a new performance space, has opened at Circus West Village and a new MBNA Thames Clippers River Bus service commenced on 1 November 2017. The Battersea Academy of Skills Excellence (BASE), the development company's bespoke jobs and training service created for those living locally, was launched in 2016. It is focused on matching people with jobs at Battersea as well as providing training relevant to the job pipeline at the development. Battersea Power Station is owned by a consortium of Malaysian investors comprised of Sime Darby Property, S P Setia and the Employees' Provident Fund. Management of the development is being undertaken by the British-based Battersea Power Station Development Company.