The Department told us that Crossrail had completed a property and regeneration study looking at 2008 to 2016 which identified some 90,000 homes and four million square feet of office space resulting from Crossrail. It also noted plans in place for 12 major developments around the Elizabeth line stations and Crossrail sites, such as 3,700 new homes at the Royal Arsenal site in Woolwich. The Department said it would do formal evaluations of Crossrail at two year and five year stages, and has s...

The Department told us that Crossrail had completed a property and regeneration study looking at 2008 to 2016 which identified some 90,000 homes and four million square feet of office space resulting from Crossrail. It also noted plans in place for 12 major developments around the Elizabeth line stations and Crossrail sites, such as 3,700 new homes at the Royal Arsenal site in Woolwich. The Department said it would do formal evaluations of Crossrail at two year and five year stages, and has set a baseline against which to measure some benefits.55 47 C&AG’s Report, Crossrail, Session 2013–14, HC 965, 24 January 2014, Figure 2 48 C&AG’s Report, Type: conclusion | Number: 20 | Response status: not_addressed Government response: 4.2 Benefits management is important to ensure that the benefits are defined, measured, and optimised. Industry approach and best practice to benefits management has developed and matured significantly throughout the lifetime of the Crossrail project. 4.3 The dep