A planning framework to deliver more than 25,500 new homes at Old Oak and Park Royal in West London has been approved by Mayor Boris Johnson.

Old Oak is set to become a transport hub with both a High Speed 2 and Crossrail Station opened by 2026, offering vast development potential for the area.

The Mayor believes the site could create tens of thousands of new homes and provide almost 14% of Greater London’s employment needs up to 2031, with early estimates of a £7bn annual contribution to the UK economy.

The Old Oak and Park Royal Development Corporation was launched in April and will drive the planning and regeneration of the site that straddles the London boroughs of Hammersmith & Fulham, Brent and Ealing.

Earlier this year, the Mayor published an Opportunity Area Planning Framework for consultation, which sets out his long-term vision for the area. Following the conclusion of that consultation, the Mayor has now approved the document which sets the strategic planning direction for the area.

Sir Edward Lister, deputy mayor for planning and chairman of the Old Oak and Park Royal Development Corporation, said: “London urgently needs new homes and commercial space to meet its ever growing population and there can be no doubt that the regeneration of Old Oak represents a real opportunity to meet those needs.

“This strategy will mean we can plan for the future of this vast site as we work to create a new, thriving and sustainable part of the capital, where people will love to live, work, play and visit.”