Nine Elms firms gear up for growth

Published: Wednesday 27th October 10

More than a hundred local firms have attended a council-run event to find out about emerging business opportunities in Nine Elms, Battersea.

The district is on the brink of a major transformation which could create up to 16,000 new homes and 25,000 new jobs. Schools, public parks and two new Northern Line tube stations are part of the area's masterplan.

Speakers at the event included the council's regeneration spokesman Cllr Ravi Govindia who outlined how the area's growth would create a huge rise in demand for goods and services provided by local businesses.

There was also guidance on how traders could prepare for the changes ahead and practical advice on issues including relocating premises, conducting lease negotiations and potential sources of business finance. 

Representatives from the area's major landowners were also on hand to explain more about their development plans.

Cllr Govindia said: "The exciting changes taking place at Nine Elms will transform the area into a vibrant place where people want to live, work and enjoy themselves. As the community grows it will create scores of commercial opportunities.

"We want the area's existing businesses to gear up for these big changes and the impressive turnout at this event demonstrates there's a real appetite for this type of advice. We will continue to work with local firms over the months and years ahead to make sure they capitalise on the regeneration of Nine Elms."

The business evening also provided a valuable opportunity for local traders to network with commercial property agents, council officers and representative from the London Development Agency and Wandsworth Chamber of Commerce.

Nine Elms covers 227 hectares of land on the south bank of the Thames and is the largest regeneration opportunity close to the centre of London.

The area's major landowners include Ballymore, Berkeley/St James Group, Covent Garden Market Authority, National Grid, Royal Mail, Sainsbury's plc and Treasury Holdings - all of which are gearing up for major redevelopment.

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