Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, what estimate she has made of the amount of private finance required to deliver the HS2 Euston quarter development.

The Department for Transport is responsible for delivering tunnelling for HS2 to Euston, as well as developing a much-improved station site.

To support the delivery of a significant number of homes alongside this project, MHCLG has established the Euston Housing Delivery Group. As outlined in the Written Ministerial Statement made on 31 October 2024 (HCWS182), the Delivery Group will be chaired by Bek Seeley and will be made up of industry experts in urban design, architecture, affordable housing delivery and the financing of large-scale projects.

Identifying the infrastructure, services, and green space required for the area, as well as the private finance needed to deliver the scheme, is a core objective for the group in the coming months. It will be for the delivery group to determine and advise on the quantum of private finance required to deliver wider regeneration around Euston.

We will continue to update Parliament on the work of the Delivery Group.