Pedestrianisation of Oxford Street was first proposed by the
Mayor in his 2016 manifesto, with detailed proposals consulted on
in 2017. The plans did not proceed following Westminster City
Council's decision to withdraw its support.[1]
In September 2024, the Mayor announced plans to transform Oxford
Street. Under the Mayor's proposal, he has designated a new
Mayoral Development Area for the street and established a Mayoral
Development Corporation to deliver the pedestrianisation
programme. [2]
The first phase of pedestrianisation between Great Portland
Street and Orchard Street will cost £150 million and will be
funded by borrowing.
The Mayor has stated that his proposals include:
- “creating a beautiful pedestrian-friendly public space to
attract shoppers, which can host exciting events and activities
to make Oxford Street a place for all;
- creating a well-designed, high-quality space that showcases
the best of London's talent, assets and opportunities – a place
that Londoners feel proud of and those coming to London want to
visit, invest in and return to;
- hosting exciting events to showcase and test the potential of
a new and more inviting public space.”[3]
In setting out the strategic case for intervention, the proposals
describe Oxford Street as contributing an estimated £25 billion
annually to London's economy.[4]
Tomorrow, the London Assembly Budget and Performance
Committee will meet to question Transport for London
(TfL) and Oxford Street Development Corporation (OSDC) officers
on the 2026-27 budget plans.
The guests are:
-
Nabeel Khan, Chief Executive Officer, OSDC
-
Adam Barret, Chief Finance Officer, OSDC
-
Helen Cansick, Head of Investment Planning for
Healthy Streets, TfL
-
Phil Graham, Executive Director Good Growth,
Greater London Authority (GLA)
-
Elliott Ball, Director of Group Finance, GLA
The meeting will take place on Thursday 19
March 2026 from 10am in the
Chamber at City Hall, Kamal Chunchie Way, E16 1ZE.
Notes to editors:
-
Mayor must press for
Oxford Street pedestrianisation | London City Hall
- Mayor of London, Mayor of London and
government announce bold plans to transform Oxford Street,
September 2024.
-
Overwhelming support
from Londoners and businesses for Mayor's bold plans to
pedestrianise Oxford Street | London City Hall
-
Overwhelming support
from Londoners and businesses for Mayor's bold plans to
pedestrianise Oxford Street | London City Hall
-
Neil Garratt
AM, Chairman of the Budget and Performance Committee,
is available for interview.
- Find out more about the work of the Budget and Performance
Committee.
-
Read the agenda in
full.
