Diary of a Sutton Councillor

Opportunity Sutton ‘Quango’ brings £350 million new investment

jayne_mccoy

Conservative opposition councillor Tim Crowley has a letter in the Sutton Guardian repeating his claims at council that the Lib Dems’ Opportunity Sutton Economic Development strategy is just an empty sound bite from me.

However attracting more than £350 million in new investment into the borough in less than two years is no mean feat and did not suddenly happen of its own accord.

It is the result of the hard work of our Economic Renewal and Regeneration officers together with our Planning teams that the borough has seen the North Sutton gas holder site get planning permission – an investment worth £85 million on its own, and the biggest development the borough has seen; whilst Sutton Point, Victoria House, Subsea 7, the Burger King site, Sutton Super Bowl and the Energy from Waste facility all now also have approval to start development. These developments on their own expect to bring with them over 1,700 jobs.

In Hackbridge Felnex have put in development plans, and the Wandle Valley Trading Estate are having their application decided imminently, with the potential for yet more local jobs.

In terms of marketing Sutton and attracting new businesses we have seen Metro Bank, Uno Tapas and Patisserie Valerie open up branches in Sutton providing between them 65 new jobs.

The establishment of ‘Successful Sutton’, the town centre Business Improvement District means existing businesses investing an additional £2 million in Sutton.

Then we have the funding won through bids to the Mayor’s Outer London Fund and Transport For London amounting to over £4.5 million invested in improving Hackbridge, North Cheam & Worcester Park, and the Sutton Station Gateway Scheme.

Of the £1 million the council set aside to support the Opportunity Sutton programme of work, less than half has been spent, which means our £350 million is a fantastic return on our investment.

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March 19, 2014 - Posted by | Information | , , ,

4 Comments »

  1. Good work Councillor.

    Comment by lucymackey | March 22, 2014 | Reply

  2. Now that’s what I call creative accounting! sounds like the same piggy-backing of credit for other peoples work as the regular claims of credit for the success of Sutton’s secondary schools that the the Council has no control over

    Comment by Mike Lyon | March 30, 2014 | Reply

    • Don’t just take my word for it, it is the developers and businesses themselves that are publicly crediting our Opportunity Sutton work and the helpful and facilitative approach of our officers for encouraging them to invest in Sutton. And in one or two cases even I got directly involved!

      Comment by jaynemccoy | March 30, 2014 | Reply


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