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London businesses call for transport spending

Businesses in the capital have called for investment in the West Anglia Main Line and other transport infrastructure to support the new housing plans announced today.

Chancellor George Osborne and London Mayor Boris Johnson earlier announced loans to support building of 50,000 homes across 20 sites in the city.

Under the scheme, councils will package together brownfield land for development and remove certain planning constraints. Loans of £200M each from central government and the Greater London Authority will help get preparation and infrastructure work underway.

Business membership body London First said getting the right transport schemes in place was critical to making the housing zones work.

Jonathan Seager, head of housing policy at London First, said: “The key to unlocking the huge housing potential, whether in these zones or in other parts of London, is to get the supporting transport infrastructure in place.

“Good transport links, both within a local area and across London, give people the access they need to the city that in turn makes these places attractive to live in.”

Seager particularly called for spending on the line bringing people in from the East of England to King’s Cross and Liverpool Street stations.

“Substantial new track capacity on the West Anglia main line will be needed this decade, particularly in the Upper Lee Valley, to spur on more house building,” he said.

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