The City of London’s Planning and Transportation Committee has granted resolution planning permission for the construction of The Tulip.
The committee’s decision follows the recommendation of the planning officer’s report which noted that the development would bring about significant public socio-economic and cultural benefits to London and the UK.
As part of the planning process, The Tulip Project submitted an Economic Impact Assessment produced by Deloitte. This estimated that the proposal would bring economic benefits to London of nearly £1billion by the year 2045, and create 600 additional permanent full-time jobs during the first 20 years of operation.
In a recent poll undertaken, 65% of Londoners believe The Tulip will make an attractive addition to London’s evolving skyline, whilst 69% believe that the proposal will make a positive impact on London’s attractiveness as a visitor and cultural destination.
The Tulip Project Team also engaged with a significant number of local stakeholders including heritage bodies, schools, businesses and residents in the City and neighbouring boroughs. These discussions, together with views of the planning officers, have allowed the team to tailor the proposal to meet their needs and concerns.
However, the proposal must now be reviewed by the Mayor of London, who will consider the approval decision in the wider London context as it attempts to remain a leading global capital.
5 April 2019