Imperial College London has signed a partnership agreement with the Old Oak and Park Royal Development Corporation (OPDC) as plans for the £10 billion redevelopment of Old Oak continue to gather pace.
The university, which owns more than 17 acres of land in the area, said it will work with OPDC on plans to bring new businesses, jobs and investment to the district around Old Oak Common station.
The agreement comes as OPDC begins the process of selecting a developer for 70 acres of publicly owned land at Old Oak. The site is earmarked for around 8,000 homes, new public spaces and commercial and community buildings.
Imperial has already expanded its presence in the area. Earlier this year it opened Grapht Works, a centre for manufacturing and technology businesses, and later this summer is due to open laboratory and office space for science and technology companies at Portal Way.
Dame Karen Buck, chair of OPDC, said: “Our shared ambition is to create a world-class hub for tech, research and business, generating thousands of jobs in a thriving, super connected West London community.”
Professor Hugh Brady, president of Imperial College London, said Old Oak had the potential to become “a nationally significant location for innovation, entrepreneurship and inclusive growth”
 as plans for the £10 billion redevelopment of Old Oak continue to gather pace.){kind=link}