The building has received funding from the lottery, SRB, the London Development Agency and the Council, as well as major backing from a number of private sponsors. At Convoys Wharf , another major masterplanning exercise is underway, with The LSE Cities Programme advising the Council and the London Development Agency on the way forward for this 42 acre riverside site that was formerly the site of King Henry VIII shipyards. Recognising that no single body can secure the future of urban areas, the white paper endorses Croydon's approach in bringing public, private and voluntary organisations together to achieve a better quality of life. At a strategic level this is undertaken by The Croydon Partnership, an umbrella organisation for more than 30 bodies in the borough. An innovative regeneration masterplan for the future development of the town centre is already achieving results with the recycling of obsolescent 60s buildings and the creative adaptation of Victorian properties.
Additional housing is encouraged through mixed use schemes.
While the Vision, which is actively backed by landowners, developers and local businesses, focuses largely on the town centre the council has already revitalised several district centres through a community-based programme of improvements aimed at ensuring the whole borough has the opportunity to share in greater prosperity. The 200 million Tramlink PFI is the most visual indicator of the council's ambition to achieve an integrated transport system in the borough and underpin the town's sustainable future.