The Whitgift Foundation welcomes the news that Croydon Council gave the green light for the Whitgift Centre redevelopment at the Strategic Planning Meeting on Tuesday 14th November.
In recent years, the Foundation has worked closely with and supported the Croydon Partnership (Westfield and Hammerson) and its aspirations to develop a state-of-the-art retail, leisure and restaurant destination in Croydon, bringing with it hundreds of new homes and thousands of jobs.
As the retaining freehold owner of the Whitgift Centre, the Foundation is delighted about the regeneration and prosperity the redevelopment will bring to Croydon and the positive impact it will have for those benefitting from the work of Croydon’s largest charity.
Last year, the funds generated from the charity’s investment holdings and wider property portfolio, including the Whitgift Centre, enabled the Foundation to grant £5 million towards bursaries and financial assistance to almost half of the 3,200 students attending its three schools, Whitgift, Trinity and Old Palace.
The Foundation’s homes provide the highest standards of care for older people in Croydon and it recently extended its care services to provide day care for those over the age of 60 through the 1596 Club. Funds also contributed to the Carers Support Centre, central Croydon, which responded to over 25,000 enquires from the borough’s unpaid carers.
Martin Corney, Chief Executive, The Whitgift Foundation, said: “This is a momentous decision for Croydon’s future and we are thrilled that approval has been given by the Council for the scheme to go ahead and create one of the UK’s top 10 shopping and entertainment destinations.
“This is also significant for the Foundation to secure our future funding so that more children can attend our schools, as well as offering increased care and support to older people and the borough’s carers who are looking after a friend or relative.
“As a Croydon landowner and charity, we are in a unique position to help safeguard the town’s future prosperity for decades to come and ensure our rental income is put back into the community through our charitable activities.”
Mayor of London, Sadiq Kahn, officially approves the Croydon Partnership’s £1.4billion project to regenerate the Whitgift Centre on Monday 8 January.
Croydon Partnership tweeted on Tuesday 9 January 2018: “Support from @SadiqKhan gives confidence to retailers, investors and the community, while allowing us to deliver a transformative, world class retail and leisure destination which is already stimulating the ongoing wider regneration of #Croydon.”