Autumn Statement: £141m investment expected for Olympic Park

Sorry, no compatible source and playback technology were found for this video. Try using another browser like Chrome or download the latest Adobe Flash Player.

Sorry, video is not available for your device…

Autumn Statement: £141m investment expected for Olympic Park
3rd December 2014

It is probably the most headline-grabbing piece of news expected to come out of George Osborne’s Autumn Statement.

The chancellor is expected to announce a £141million investment into the Olympic Park. 

The project will include a theatre, museum and two university campuses in what is being described as a ‘new arts quarter’.

The space has already been given the nickname of the “Olympicopolis”.

If it were to go ahead, the scheme is predicted to deliver 3,000 jobs and attract 1.5 million extra visitors to the capital.

Other projects that are predicted to benefit from the Autumn Statement:

Deputy Mayor for Transport Isabel Dedring told London Live that the department were "delighted" that the Chancellor has listened to their requests and expect good things from the Autumn Statement. 

The news comes as 500 more buses are planned to hit London's streets.

More on this story

More in Talking points

Nigel Farage urges Ukip unity as he declares: 'We want our...

Farage tells fellow Ukip members to put 'country before party' during the EU referendum campaign

Nigel Farage mocks David Cameron with 'piggy in the middle' jibe

Ukip leader jokes about claims that the PM put his genitals in a dead pig's mouth during an initiation ceremony at Oxford University

Where Scotland is headed as the dust settles from the referendum

The national psyche of Scotland has shifted - but what does this say about the future?