Regeneration in Euston including the station and surrounding areas, has the potential to deliver at least 2,000 new homes, including social and affordable housing, 34,000 new jobs for people in Camden and beyond, and contribute £41 billion to the national economy, according to independent research we commissioned. You can read the Executive Summary here: Euston at the Heart of Britain’s New Economy.
With HS2 coming to Euston, there is a once-in-a-century opportunity to revive a national gateway, driving economic growth, innovation and connectivity, benefitting those who live, work and travel through Euston.
Regeneration in Euston will ensure communities, after years of disruption from HS2 construction, benefit from new affordable and social housing, access to new jobs across construction to life sciences, community facilities, new green spaces and reconnected neighbourhoods.
Euston Housing Pact
Camden Council and the Euston Housing Delivery Group (EHDG), set up by the Ministry of Housing, Communities and Local Government, are working together to explore how we can unlock the delivery of these new homes, and the community facilities and open spaces to support them.
We’ve launched the Euston Housing Pact, developed with the community to set a bold new standard for how the Council, wider partners, and the community should aim to work together when it comes to future housing delivery.
The Pact is supported by an action plan, setting out the specifics of how the Pact’s Commitments will be implemented. This will be regularly updated as plans for housing delivery firm up and as design and development get underway. View the action plan.
The Pact was also informed by community research, led by Old Diorama Arts Centre in collaboration with Fitzrovia Youth in Action, Hopscotch Women’s Centre and Somers Town Community Association, alongside wider local organisations. Read their research findings.
Proposals for a locally led urban development corporation
To drive forward the regeneration of the Euston area, Camden Council is proposing to set up a Locally Led Urban Development Corporation (LLUDC), led by the Council and working closely with the Greater London Authority (GLA) and Government.
An LLUDC would coordinate regeneration in Euston, helping to deliver new homes, public spaces, jobs and local facilities, and working alongside the Euston Delivery Company who are leading on the development of the new and upgraded Euston station, HS2 terminus and above station development.
Under Camden’s leadership, an LLUDC would bring strong local knowledge and a clear understanding of residents’ priorities, ensuring future regeneration works for the community, delivering on the commitments outlined in the Euston Housing Pact.
Cabinet approved plans to explore establishing this LLUDC, read more about the Cabinet decision. We’re now looking to launch proposals for public consultation in 2026, subject to legislation being introduced by the Government, giving local residents and businesses opportunities to shape the potential LLUDC.