Essay Title: 


March 20, 2016 | Author: | Posted in architecture, art



Introduction 3

Impact of Redevelopment of Paddington Basin on Local Businesses 3

Economical Benefits to the Area 5

Conclusion 8

References 10


Paddington Basin in West London near the canal junction of the Regent ‘s Canal and the Grand Junction Canal . The Basin itself , which was opened in 1801 , lies in the terminus of the Paddington Arm of the Grand Junction Canal . In the past , Paddington Basin was an important hub for transhipment activities . In 1996 , a masterplan to redevelop [banner_entry_middle]

the Basin lead by Terry Farrell and Partners , was embarked in to redevelop the Basin into a commercial hub close to the city and west end , and just 15 minutes away from Heathrow Airport , via the Heathrow Express , which runs from Paddington Station . Redevelopments on the canal Basin and its surrounding infrastructure are still ongoing , and have had considerable impact on the local community and businesses in the area (Wikipedia 2006 Terry Farrell and Partners , n .d

Impact of Redevelopment of Paddington Basin on Local Businesses

The redevelopment of Paddington Basin covers more than 80 acres , with 4 million square feet allocated for the development of new commercial space , the building of 1400 new homes , the creation of 4 acres of waterspace and 1000 metres of new towpath , and the arrival of major companies such as Marks Spencer , Orange , Monsoon , Visa , and WJB Chiltern (Paddington Circle , Community Safety Audit , 2002 ,

. 2

In 2001 , the Paddington Regeneration Partnership secured funding under the Central London Partnership ‘s Circle Initiative from the London Development Agency (LDA ) to pilot a Business Improvement District (BID model at Paddington . The objective of the project , known as Paddington Circle , is to develop new methods of urban management between the private sector , local authority , and key service providers . Within this objective is to handle environmental and commercial issues to improve the operation of the Praed Street area and its links with Paddington Waterside . A Community Safety Audit conducted by the Paddington Circle Board in 2001 provided for the overview of local business owners as to the impact of the redevelopment . In the Audit , business owners were asked open-ended questions about what they considered as the positive and negative aspects of having a business in the Paddington area Majority of the business owners interviewed felt that the most positive aspect of having a business in the area is the location , which is convenient and served by good public transport . The Paddington area is central with easily accessible amenities with a broad client base which includes tourists , businesses and residents . The opening of new hotels and the redevelopment of Paddington Waterside also created increased investment opportunities and interest in the area (Paddington Circle Community Safety Audit , 2002 ,

. 3

The same study reported that the negative views from business owners in Paddington had much to do with the visual appearance of the area . It was deemed to turn off potential trade , particularly with respect to sales , lettings , and insurance businesses which… [banner_entry_footer]

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