A BANK is funding millions to get the second phase in bringing 79 new homes above a station car park back “on track”.

NatWest is now bankrolling the building work above Walthamstow Central station car park with a £59million cash injection.

The banking giant announced it was getting the “redevelopment on track” three months after the build got underway.

In April, developers Solum Regeneration warned rail users of two years of disruption as available car park spaces are cut to just 90.

East London and West Essex Guardian Series:

Sunny Walthamstow (artist's impression)

As well as 79 new homes, the existing car park will be upgraded with improvements promised for pedestrian access to Queen’s Road Station and the station square.

Solum has not yet confirmed how many will be classed as affordable.

Peter Hughes, Director for Solum, said: “These developments will bring value to the underused station land at Walthamstow, significantly enhancing the area as a result.

“Our wider aim is to deliver high quality mixed-use destinations at train stations, which leave a legacy of enriched experiences for the community, whilst building much needed new homes.

“NatWest has been instrumental to us in moving forward with the latest developments, and we look forward to working with them again in the future.”

Ashley Toy, Director, NatWest Real Estate, said: “NatWest is proud to continue to support Solum as they continue to provide much needed station upgrades and housing across the country.

The first phase of Solum’s Walthamstow Central station project saw them build 69 homes, of which half are claimed to be “affordable”, a Travelodge Hotel and a number of retail units.

NatWest will use its £59million cash injection to fund Solum’s redevelopment of Twickenham rail station.

For more information about the project’s second phase, visit: walthamstowforward.co.uk