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Business News for 26th September 2011 :: Watford - A Great Place to Do Business!

Watford is definitely open for business and the town’s strategic location, excellent transport network, highly skilled and productive workforce and cost effective living, all combine to ensure it is an ideal choice for investment.

 Here are just three reasons why:

 Watford Health Campus - a major regeneration project in the west of the town, including a re-provided hospital, new offices, housing, hotel, leisure and hospitality facilities.  The scheme will be delivered by a private sector developer.  A formal OJEU (Official Journal of the European Union) notice seeking such a developer was published in July and the preferred bidder will be selected by June 2012.  The initial phases are expected in 2013. Website: www.watfordhealthcampus.info

Croxley Rail Link - a scheme to extend the Metropolitan Line from Croxley to Watford Junction, via Watford High Street with the construction of two new tube stations at Ascot Road and on Vicarage Road, close to the planned Watford Health Campus and Watford Football Club.  The scheme is now one of 45 projects across the country still eligible to bid for public funding following the Government’s Comprehensive Spending Review.  A Best and Final Funding Bid will be submitted to the Department for Transport in early September with a formal decision expected in December.  If approved, the link could be operational as early as 2015. Website: www.croxleyraillink.com

Charter Place – this involves the redevelopment of a 1970s shopping centre to provide a dynamic retail hub in the heart of the town.  The council have selected Henry Boot Developments as their development partner.  The scheme is currently being designed, however, initial phases are planned to start in early 2013 with overall completion planned for late 2015.  There will be extensive consultation with stakeholders and the public in the coming months. Website: www.charter-place-watford.co.uk

 Andrew Gibson

Economic Development & Infrastructure Planner

Watford Borough Council

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