How does the current economic situation affect plans for Mitcham?
We are all having to deal with a slump in the property market as well as a broader economic downturn. This kind of economic situation makes life difficult for everyone involved in the regeneration process – existing and potential businesses, home owners who may have been interested in moving to the town centre and banks and investors whose money is needed to fund the regeneration process, builders, planners and architects. Working with these partners, the council also has to deal with these conditions. The current economic slow down is an opportunity for the council and its partners to develop a clear strategy for Mitcham so when the economy starts to recover it is ready to provide an action plan clearly setting out responsibilities and a realistic timeline.
