The iconic Oxford Street in London is set to undergo a major transformation as Mayor Sadiq Khan reveals plans to pedestrianise the popular shopping destination. With the goal of creating a ‘traffic-free avenue’ and a ‘beautiful public space’, the initiative aims to revitalize Oxford Street and make it a more attractive and thriving retail and leisure destination.
Challenges such as competition from online retailers, the closure of flagship department stores, and the prevalence of American candy stores have put significant strain on Oxford Street’s appeal. Additionally, tourism numbers have not fully recovered since the pandemic, making it essential to implement changes to enhance the street’s attractiveness.
The proposed pedestrianisation plan will cover the stretch between Oxford Circus and Marble Arch, spanning 0.7 miles. Future changes towards Tottenham Court Road could also be on the horizon. The Mayor believes that these measures will not only increase footfall and spending but also boost London’s night-time economy, positioning Oxford Street as a global high street destination comparable to Times Square in New York, the Avenue des Champs-Elysees in Paris, and Las Ramblas in Barcelona.
Despite previous efforts to implement changes being blocked by Westminster Council in 2018, the new partnership approach with the government signals a positive step towards realizing the vision for Oxford Street. The establishment of a Mayoral Development Corporation with enhanced planning powers is crucial for the successful implementation of the plans, subject to consultation and approval.
Funding for the project, estimated at around £150 million, is expected to come from a combination of contributions from local businesses, new revenue streams, and private funders. The collaboration between City Hall, local retailers, and businesses is key to restoring Oxford Street to its former glory and creating economic prosperity for London and the UK.
The public consultation process has been vital in gauging support for the pedestrianisation plans, with a majority of respondents expressing approval or backing the proposals with certain reservations. The transformation of Oxford Street is seen as essential to rejuvenating the nation’s high street and driving growth through job creation, economic activity, and a vibrant night-time economy.
Deputy Prime Minister Angela Rayner emphasizes the importance of giving Oxford Street the boost it needs to remain a world-renowned shopping destination. Collaborating with the Mayor and local leaders, the government aims to support the revitalisation efforts and ensure the street’s continued success.
With the backing of key stakeholders like John Lewis, who have a longstanding presence on Oxford Street, the revitalisation plans are poised to bring new opportunities for growth and development. The commitment to transforming ‘the nation’s high street’ reflects a shared vision for a vibrant and thriving Oxford Street that will attract visitors to London’s West End.
As the plans for pedestrianising Oxford Street take shape, the city looks forward to a new chapter in the evolution of this iconic shopping destination. The revitalisation efforts aim to create a more appealing and dynamic environment that will not only benefit local businesses and residents but also enhance the overall experience for tourists and visitors. Oxford Street’s transformation is set to redefine the shopping and leisure landscape in London, cementing its status as a premier retail destination on the global stage.
