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A report from the London Assembly Budget and Performance Committee has revealed that the Old Oak and Park Royal Development Corporation (OPDC) has spent £42.7 million, even though five years on, little has been done on the ground to bring any new jobs or homes to the area.
The OPDC is a development agency for the regeneration of a large site in North West London spanning the London Boroughs of Hammersmith & Fulham, Brent, and Ealing.
The OPDC applied for a £250 million Housing Infrastructure Fund (HIF) grant from the Ministry for Housing, Communities and Local Government (MHCLG), following an announcement in the 2018 Spring Budget. The OPDC was conditionally awarded the HIF funding for its proposed plans for North West London. In December 2019, the London Assembly discovered that the documents which were sent to MHCLG in support of the HIF bid funding referred to a letter of support from a local business. This business was integral to all of the OPDC’s plans, and the reference claimed it was on board when this was not the case.