The Fleet Street Quarter BID has secured funding of £9m from the City of London Corporation to deliver public realm improvements for Fleet Street.
The BID has further bolstered the project with an additional £500,000 of funding and brought together the local business community’s priorities and ideas into a public realm vision ‘Fleet Street Quarter’s Era of Change’.
The BID’s vision identified 34 public realm opportunities that could radically transform the area over the next decade and capitalise on Fleet Street’s capacity for reinvention. The opportunities identified aim to deliver wider pavements, improve traffic movement and create safer crossings, and increase seating and greening to create a vibrant destination and improved experience for the growing workforce in the area.
Over the next five years, 33,000 additional workers are expected to be attracted to the Fleet Street Quarter, as the area undergoes a radical renaissance.
An extensive development pipeline encompassing 34 new and refurbished schemes will see 5.5m sq ft of Grade A office, retail and leisure space with a GDV of circa £5bn delivered by 2028 in the BID area.
Lady Lucy French OBE, CEO of the Fleet Street Quarter BID, said: “Fleet Street is one of London’s most historic streets, at the heart of the Fleet Street Quarter. An essential gateway connecting the City and West End, these proposed upgrades aim to deliver vital change to accommodate our growing workforce and attract visitors to this vibrant western part of the City. This funding from the City of London Corporation will ensure Fleet Street remains an iconic London landmark for generations to come.
“Creating a clean and green district is critical to the area’s next phase of transformation. The Fleet Street Quarter BID will continue collaborating with local stakeholders to ensure plans reflect the needs of our levy paying businesses and create a climate resilient district.”
Shravan Joshi, chairman of the planning and transportation committee at the City of London Corporation, added: “We are pleased to be working in partnership with the Fleet Street Quarter BID to enhance the potential of the area and improve the experience of using Fleet Street. By rejuvenating these public spaces, the City of London Corporation continues to ensure the Square Mile’s appeal as a place to invest and do business, retaining our position as a global economic powerhouse.”
