London mayor Boris Johnson announced yesterday that planning applications within the city's Central Activities Zone will only be approved if developers pledge investment towards Crossrail.
Deputy mayor for policy and planning Sir Simon Milton made the decision on the Mayor’s behalf under delegated powers.
Johnson said: “When Crossrail opens in 2017 it will increase London’s public transport network capacity by 10%, supporting regeneration across the capital and helping to secure London’s position as a world leading financial and business centre.
"Our capital needs a healthy development industry and Crossrail to underpin its success in the coming decades and we all need to work closely to ensure we achieve both objectives.
“I want to assure the capital’s development sector that I am working with not against them. We will continue to seek a financial contribution in respect of developments that fall within the new policy but will do so pragmatically and consider each case in the light of its individual circumstances.”