A total of £1.1million is set to be invested into an area of Walthamstow after funding was secured.

Waltham Forest council announced the news today (January 25) about its successful funding bid from the Mayor of London for the Blackhorse Lane area of Walthamstow.

In October last year, the council applied for a share of the Greater London Authority’s (GLA) London Regeneration Fund.

The bid proposed to develop a Creative Industries Zone in Blackhorse Lane, which is already designated as a housing zone.

Councillor Clare Coghill, cabinet member for economic growth, said: “This project will transform underused space in the Blackhorse Lane area to provide workshop capacity and creative co-working space.

“Our business mapping exercises have demonstrated the rising demand for tech and creative start-up and move-on space.

“We need accommodation to meet the needs of newly established businesses, some of which have outgrown the incubator units in the Blackhorse Lane Workshops.”

The Blackhorse Lane Workshops are a community-led space dedicated to making and creating that opened two years ago.

Hundreds of local people make use of its facilities every week, which include a fully-equipped wood and metal workshop.

Assemble, the London-based architecture collective which won the 2015 Turner Prize for The Granby Workshop project in Liverpool, helped to plan, design and fit out the workshops.

Last month it was shortlisted in the London Planning Awards for Best Community-Led Project.

Waltham Forest council is also planning to build 2,500 new homes for Blackhorse Lane by 2020.